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.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, September 12th. This is an increase from Northern Trust’s previous quarterly dividend of $0.60. Northern Trust’s dividend payout ratio (DPR) is 41.60%.

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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