Insider Selling: Northern Trust Co. (NASDAQ:NTRS) Insider Sells 6,467 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) insider Teresa Parker sold 6,467 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider now directly owns 79,391 shares in the company, valued at approximately $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Northern Trust Price Performance

Shares of NTRS stock traded up $5.06 on Monday, hitting $105.65. 2,025,658 shares of the company’s stock were exchanged, compared to its average volume of 1,266,897. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The stock has a market cap of $20.55 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. Northern Trust Co. has a 12 month low of $79.68 and a 12 month high of $114.67. The company has a 50 day moving average of $94.99 and a 200 day moving average of $102.88.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, equities research analysts predict that Northern Trust Co. will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 2.84%. Northern Trust’s dividend payout ratio is presently 27.99%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup cut their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Bank of America cut their target price on Northern Trust from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley cut their target price on Northern Trust from $136.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. UBS Group upped their target price on Northern Trust from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods upped their target price 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $110.83.

Hedge Funds Weigh In On Northern Trust

Several large investors have recently bought and sold shares of the company. Invesco Ltd. raised its position in Northern Trust by 19.3% in the first quarter. Invesco Ltd. now owns 3,443,599 shares of the asset manager’s stock valued at $339,711,000 after purchasing an additional 558,287 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Northern Trust in the first quarter valued at about $132,000. Sierra Summit Advisors LLC increased its stake in shares of Northern Trust by 3.4% in the first quarter. Sierra Summit Advisors LLC now owns 7,404 shares of the asset manager’s stock valued at $730,000 after buying an additional 244 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Northern Trust by 26.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,713 shares of the asset manager’s stock valued at $1,649,000 after buying an additional 3,482 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Northern Trust in the first quarter valued at about $29,000. 83.19% of the stock is currently owned by institutional investors.

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.