Thomas A. South Sells 1,000 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock
Northern Trust Co. (NASDAQ:NTRS) EVP Thomas A. South sold 1,000 shares of Northern Trust stock in a transaction on Friday, September 13th. The shares were sold at an average price of $98.54, for a total transaction of $98,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NTRS traded down $0.93 during midday trading on Monday, reaching $98.01. The stock had a trading volume of 916,888 shares, compared to its average volume of 1,201,938. The firm has a 50 day simple moving average of $90.45 and a 200-day simple moving average of $91.63. Northern Trust Co. has a one year low of $75.96 and a one year high of $107.45. The firm has a market cap of $20.96 billion, a PE ratio of 14.56, a P/E/G ratio of 1.74 and a beta of 1.19. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.
Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.07. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $1.68 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Northern Trust Co. will post 6.59 EPS for the current fiscal year.
Several equities research analysts have issued reports on NTRS shares. Citigroup lowered shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their price target for the company from $94.00 to $85.00 in a research note on Friday, July 12th. Wells Fargo & Co set a $110.00 price target on shares of Northern Trust and gave the company a “buy” rating in a research note on Friday, August 16th. Deutsche Bank lowered their price target on shares of Northern Trust from $91.00 to $87.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. BidaskClub upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley set a $89.00 price target on shares of Northern Trust and gave the company a “sell” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $104.00.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Northern Trust by 0.5% in the 2nd quarter. BlackRock Inc. now owns 13,947,938 shares of the asset manager’s stock valued at $1,255,316,000 after acquiring an additional 72,688 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Northern Trust by 65.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,482,148 shares of the asset manager’s stock valued at $943,393,000 after acquiring an additional 4,139,159 shares during the period. FMR LLC grew its position in shares of Northern Trust by 4.8% in the 1st quarter. FMR LLC now owns 8,605,350 shares of the asset manager’s stock valued at $778,009,000 after acquiring an additional 394,338 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Northern Trust by 6.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,221,336 shares of the asset manager’s stock worth $559,920,000 after buying an additional 390,783 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Northern Trust by 27.9% during the 1st quarter. American Century Companies Inc. now owns 5,452,010 shares of the asset manager’s stock worth $492,916,000 after buying an additional 1,190,787 shares during the period. 80.33% of the stock is owned by institutional investors.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.
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