News coverage about Northern Trust (NASDAQ:NTRS) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northern Trust earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 44.6212715123549 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Northern Trust Partners With PwC To Make Real-Time Equity Audits Via Blockchain (cointelegraph.com)
- No More Cooked Blocks – Mainstream Auditors Enter the Fray (cointelegraph.com)
- Northern Trust Corporation, (NASDAQ: NTRS) – An Eye on Data – Stock Watch (stocksnewstimes.com)
- Northern Trust’s Susan Snyder Elected to ACTEC Board and … – Business Wire (press release) (businesswire.com)
- Northern Trust Strengthens Private Equity Audit via Blockchain Technology with PwC – Business Wire (press release) (businesswire.com)
Shares of Northern Trust stock traded down $0.49 during mid-day trading on Monday, reaching $106.72. The company’s stock had a trading volume of 800,551 shares, compared to its average volume of 1,223,334. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust has a one year low of $83.17 and a one year high of $110.81. The firm has a market cap of $24,184.62, a price-to-earnings ratio of 21.69, a PEG ratio of 1.41 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.68 dividend on an annualized basis and a yield of 1.57%. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.
NTRS has been the subject of a number of research analyst reports. Wells Fargo set a $105.00 price target on Northern Trust and gave the company a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $110.00 price objective on shares of Northern Trust in a research report on Friday, December 22nd. BidaskClub upgraded Northern Trust from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Barclays boosted their price objective on Northern Trust from $102.00 to $114.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada boosted their price objective on Northern Trust to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $104.81.
In other news, insider Jeffrey D. Cohodes sold 30,917 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $105.29, for a total value of $3,255,250.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jana R. Schreuder sold 4,807 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $110.00, for a total value of $528,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 189,457 shares of company stock valued at $20,188,250 in the last quarter. 1.04% of the stock is currently owned by insiders.
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About Northern Trust
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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