Northern Trust Co. (NASDAQ:NTRS) insider Jeffrey D. Cohodes sold 11,982 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.75, for a total transaction of $1,183,222.50. Following the completion of the transaction, the insider now owns 37,936 shares of the company’s stock, valued at $3,746,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Northern Trust Co. (NTRS) opened at $102.69 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The company has a market cap of $22,596.56, a P/E ratio of 20.87, a P/E/G ratio of 1.32 and a beta of 0.99. Northern Trust Co. has a one year low of $83.17 and a one year high of $108.91.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. equities analysts predict that Northern Trust Co. will post 6.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.64%. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.

NTRS has been the subject of several recent analyst reports. Credit Suisse Group increased their price objective on shares of Northern Trust from $99.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley increased their target price on shares of Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Bank of America increased their target price on shares of Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group increased their target price on shares of Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $104.81.

Several large investors have recently modified their holdings of the stock. Clark Capital Management Group Inc. purchased a new stake in shares of Northern Trust in the 4th quarter valued at approximately $300,000. LPL Financial LLC lifted its position in shares of Northern Trust by 14.9% in the 4th quarter. LPL Financial LLC now owns 12,083 shares of the asset manager’s stock valued at $1,207,000 after acquiring an additional 1,571 shares in the last quarter. Crestline Management LP lifted its position in shares of Northern Trust by 139.2% in the 4th quarter. Crestline Management LP now owns 102,074 shares of the asset manager’s stock valued at $10,196,000 after acquiring an additional 59,403 shares in the last quarter. PEAK6 Investments L.P. lifted its position in shares of Northern Trust by 530.7% in the 4th quarter. PEAK6 Investments L.P. now owns 26,175 shares of the asset manager’s stock valued at $2,615,000 after acquiring an additional 32,253 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its position in shares of Northern Trust by 45.8% in the 4th quarter. Flinton Capital Management LLC now owns 111,160 shares of the asset manager’s stock valued at $11,104,000 after acquiring an additional 34,916 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

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Northern Trust Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

Insider Buying and Selling by Quarter for Northern Trust (NASDAQ:NTRS)

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