Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski Sells 2,262 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski sold 2,262 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. This represents a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northern Trust Price Performance

NASDAQ NTRS opened at $111.38 on Wednesday. The business’s fifty day moving average is $106.26 and its 200 day moving average is $97.76. Northern Trust Co. has a fifty-two week low of $76.67 and a fifty-two week high of $114.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. The company has a market capitalization of $22.08 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Sell-side analysts predict that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.69%. Northern Trust’s payout ratio is currently 30.67%.

Institutional Trading of Northern Trust

Several institutional investors and hedge funds have recently modified their holdings of NTRS. Creative Planning raised its holdings in Northern Trust by 7.6% during the second quarter. Creative Planning now owns 23,614 shares of the asset manager’s stock valued at $1,983,000 after acquiring an additional 1,665 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Northern Trust during the 2nd quarter worth about $1,622,000. Massmutual Trust Co. FSB ADV grew its holdings in Northern Trust by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank raised its position in Northern Trust by 5.4% in the 3rd quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock worth $3,698,000 after purchasing an additional 2,088 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Northern Trust by 24.2% in the third quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager’s stock worth $323,000 after purchasing an additional 699 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NTRS shares. Keefe, Bruyette & Woods increased their price objective on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. Bank of America lifted their price target on shares of Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $112.58.

Northern Trust Company Profile

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.