Northern Trust (NASDAQ:NTRS) EVP Susan Cohen Levy Sells 16,984 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) EVP Susan Levy sold 16,984 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $168.15, for a total transaction of $2,855,859.60. Following the completion of the sale, the executive vice president owned 59,378 shares of the company’s stock, valued at approximately $9,984,410.70. This trade represents a 22.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Susan Cohen Levy also recently made the following trade(s):

• On Monday, October 26th, Susan Levy sold 3,922 shares of Northern Trust stock. The stock was sold at an average price of $168.69, for a total transaction of $661,602.18.

Northern Trust Price Performance

Shares of NASDAQ:NTRS opened at $170.35 on Wednesday. Northern Trust Corporation has a 1-year low of $121.53 and a 1-year high of $195.78. The stock has a market cap of $31.17 billion, a P/E ratio of 13.35 and a beta of 1.24. The firm has a fifty day moving average price of $176.41 and a 200 day moving average price of $164.90.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 21st. The asset manager reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.53. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Northern Trust Corporation will post 11.95 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 4th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 2.1%. Northern Trust’s dividend payout ratio is 27.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Capital One Financial set a $190.00 price target on Northern Trust in a research report on Tuesday, October 6th. Morgan Stanley increased their price objective on Northern Trust from $173.00 to $177.00 and gave the stock an “underweight” rating in a research report on Thursday, October 22nd. Zacks Research downgraded Northern Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. dropped their target price on Northern Trust from $185.50 to $185.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Finally, Royal Bank Of Canada lowered Northern Trust from an “outperform” rating to a “sector perform” rating and set a $178.00 target price on the stock. in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.47.

Institutional Trading of Northern Trust

Several hedge funds have recently made changes to their positions in NTRS. DecisionPoint Financial LLC increased its stake in shares of Northern Trust by 6,120.0% during the third quarter. DecisionPoint Financial LLC now owns 311 shares of the asset manager’s stock worth $53,000 after acquiring an additional 306 shares during the period. North Dakota State Investment Board raised its holdings in Northern Trust by 146.6% during the third quarter. North Dakota State Investment Board now owns 16,466 shares of the asset manager’s stock worth $2,789,000 after purchasing an additional 9,788 shares in the last quarter. VestGen Advisors LLC raised its holdings in Northern Trust by 5.0% during the third quarter. VestGen Advisors LLC now owns 2,334 shares of the asset manager’s stock worth $395,000 after purchasing an additional 112 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Northern Trust by 11.6% in the third quarter. Asset Management One Co. Ltd. now owns 84,592 shares of the asset manager’s stock valued at $14,327,000 after purchasing an additional 8,764 shares during the period. Finally, SYM FINANCIAL Corp lifted its position in Northern Trust by 5.7% in the third quarter. SYM FINANCIAL Corp now owns 2,237 shares of the asset manager’s stock valued at $379,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.