Insider Selling: Northern Trust (NASDAQ:NTRS) Insider Sells 1,043 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) insider Guy Gibson sold 1,043 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.43, for a total value of $153,769.49. Following the sale, the insider directly owned 35,013 shares of the company’s stock, valued at $5,161,966.59. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Northern Trust Stock Up 1.5%

Shares of NASDAQ NTRS traded up $2.17 during mid-day trading on Friday, hitting $146.38. The company had a trading volume of 920,538 shares, compared to its average volume of 1,119,143. The company has a market capitalization of $27.68 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. The business’s 50-day simple moving average is $143.67 and its 200 day simple moving average is $134.09. Northern Trust Corporation has a 1-year low of $81.62 and a 1-year high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business had revenue of $3.15 billion for the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 EPS. On average, analysts predict that Northern Trust Corporation will post 8.27 earnings per share for the current year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s payout ratio is presently 36.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen lifted their price target on shares of Northern Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods lifted their target price on Northern Trust from $123.00 to $125.00 and gave the company an “underperform” rating in a report on Thursday, October 23rd. Truist Financial set a $148.00 price target on shares of Northern Trust in a report on Wednesday, January 7th. Zacks Research raised Northern Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Northern Trust presently has a consensus rating of “Hold” and an average target price of $148.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTRS. Cullen Frost Bankers Inc. lifted its holdings in Northern Trust by 84.8% during the second quarter. Cullen Frost Bankers Inc. now owns 1,567 shares of the asset manager’s stock worth $199,000 after acquiring an additional 719 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Northern Trust by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 1,947,456 shares of the asset manager’s stock worth $262,128,000 after purchasing an additional 40,048 shares during the last quarter. Aviva PLC raised its holdings in shares of Northern Trust by 8.4% during the 2nd quarter. Aviva PLC now owns 149,911 shares of the asset manager’s stock worth $19,007,000 after buying an additional 11,587 shares in the last quarter. SG Americas Securities LLC raised its stake in Northern Trust by 228.0% during the third quarter. SG Americas Securities LLC now owns 75,829 shares of the asset manager’s stock worth $10,207,000 after acquiring an additional 52,711 shares in the last quarter. Finally, National Pension Service lifted its stake in Northern Trust by 4.3% in the 3rd quarter. National Pension Service now owns 360,527 shares of the asset manager’s stock valued at $48,527,000 after purchasing an additional 14,899 shares during the last quarter. 83.19% of the stock is owned by institutional investors.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.