Jana R. Schreuder Sells 18,489 Shares of Northern Trust Co. (NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) COO Jana R. Schreuder sold 18,489 shares of Northern Trust stock in a transaction on Monday, December 4th. The stock was sold at an average price of $99.20, for a total transaction of $1,834,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jana R. Schreuder also recently made the following trade(s):

  • On Thursday, November 30th, Jana R. Schreuder sold 2,600 shares of Northern Trust stock. The stock was sold at an average price of $99.02, for a total transaction of $257,452.00.
  • On Monday, September 11th, Jana R. Schreuder sold 5,581 shares of Northern Trust stock. The stock was sold at an average price of $90.00, for a total transaction of $502,290.00.

Shares of Northern Trust Co. (NASDAQ NTRS) opened at $96.95 on Wednesday. Northern Trust Co. has a twelve month low of $81.92 and a twelve month high of $99.66. The firm has a market cap of $22,209.95, a PE ratio of 21.32, a P/E/G ratio of 2.16 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. equities analysts forecast that Northern Trust Co. will post 4.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 dividend on an annualized basis and a yield of 1.73%. Northern Trust’s payout ratio is 37.17%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tdam USA Inc. raised its holdings in shares of Northern Trust by 0.4% in the 2nd quarter. Tdam USA Inc. now owns 2,629 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 10 shares in the last quarter. Creative Planning raised its holdings in shares of Northern Trust by 0.8% in the 2nd quarter. Creative Planning now owns 2,374 shares of the asset manager’s stock valued at $231,000 after purchasing an additional 20 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Northern Trust by 0.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,867 shares of the asset manager’s stock valued at $570,000 after purchasing an additional 27 shares in the last quarter. Veritable L.P. raised its holdings in shares of Northern Trust by 0.5% in the 2nd quarter. Veritable L.P. now owns 7,941 shares of the asset manager’s stock valued at $772,000 after purchasing an additional 42 shares in the last quarter. Finally, Conning Inc. raised its holdings in shares of Northern Trust by 0.8% in the 2nd quarter. Conning Inc. now owns 6,263 shares of the asset manager’s stock valued at $609,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 81.75% of the company’s stock.

Several equities research analysts have recently issued reports on NTRS shares. Royal Bank Of Canada restated a “buy” rating and issued a $97.00 target price on shares of Northern Trust in a report on Friday, August 18th. Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Morgan Stanley raised their target price on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Citigroup reiterated a “neutral” rating and set a $92.00 price objective (up previously from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $97.07.

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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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