Northern Trust Corporation (NASDAQ:NTRS) COO Sells $489,171.54 in Stock

Northern Trust Corporation (NASDAQ:NTRS) COO Jana R. Schreuder sold 5,538 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.33, for a total transaction of $489,171.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Northern Trust Corporation (NASDAQ:NTRS) traded up 0.57% during trading on Friday, hitting $87.93. 1,149,151 shares of the stock were exchanged. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 19.96 and a beta of 0.92. Northern Trust Corporation has a 1-year low of $66.40 and a 1-year high of $99.30. The firm’s 50 day moving average price is $91.52 and its 200-day moving average price is $89.38.

Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by $0.05. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. On average, analysts anticipate that Northern Trust Corporation will post $4.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, August 30th. This is an increase from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s dividend payout ratio is presently 34.55%.

Northern Trust Corporation announced that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the asset manager to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

WARNING: This piece was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/08/19/northern-trust-corporation-nasdaqntrs-coo-sells-489171-54-in-stock-updated.html.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Northern Trust Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 14,255,623 shares of the asset manager’s stock worth $1,385,789,000 after buying an additional 363,691 shares during the period. BlackRock Inc. boosted its stake in Northern Trust Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 13,318,550 shares of the asset manager’s stock worth $1,294,697,000 after buying an additional 38,780 shares during the period. Northern Trust Corp boosted its stake in Northern Trust Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 12,414,424 shares of the asset manager’s stock worth $1,206,806,000 after buying an additional 184,112 shares during the period. FMR LLC boosted its stake in Northern Trust Corporation by 38.4% in the first quarter. FMR LLC now owns 12,370,754 shares of the asset manager’s stock worth $1,071,060,000 after buying an additional 3,430,332 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Northern Trust Corporation by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 8,226,919 shares of the asset manager’s stock worth $712,287,000 after buying an additional 68,263 shares during the period. 82.90% of the stock is owned by institutional investors.

Several research firms recently commented on NTRS. BidaskClub upgraded shares of Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $97.00 price target on shares of Northern Trust Corporation in a report on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and set a $102.00 price target on shares of Northern Trust Corporation in a report on Wednesday, May 17th. Buckingham Research restated a “neutral” rating and set a $103.00 price target (up from $93.00) on shares of Northern Trust Corporation in a report on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $94.15.

About Northern Trust Corporation

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.

Insider Buying and Selling by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

What are top analysts saying about Northern Trust Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Northern Trust Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit