Northern Trust (NASDAQ:NTRS) Insider Clive Bellows Sells 1,148 Shares

Northern Trust Corporation (NASDAQ:NTRS) insider Clive Bellows sold 1,148 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total transaction of $166,758.48. Following the transaction, the insider directly owned 34,133 shares in the company, valued at $4,958,159.58. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Northern Trust Stock Up 1.5%

NASDAQ NTRS opened at $146.38 on Friday. The firm has a 50-day simple moving average of $143.94 and a 200 day simple moving average of $134.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69. The stock has a market cap of $27.68 billion, a PE ratio of 16.75, a PEG ratio of 1.17 and a beta of 1.27. Northern Trust Corporation has a twelve month low of $81.62 and a twelve month high of $157.60.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.05. The firm had revenue of $3.15 billion for the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 EPS. On average, research analysts forecast that Northern Trust Corporation will post 8.27 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is 36.61%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

NTRS has been the subject of a number of analyst reports. Citigroup lifted their price objective on Northern Trust from $143.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Northern Trust in a research note on Thursday, January 22nd. The Goldman Sachs Group raised their target price on Northern Trust from $130.00 to $148.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Royal Bank Of Canada raised their price target on shares of Northern Trust from $139.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.75.

Northern Trust Company Profile

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.