Jeffrey D. Cohodes Sells 11,982 Shares of Northern Trust Co. (NTRS) Stock
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.
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.
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.
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