Northern Trust (NASDAQ:NTRS) Insider Guy Gibson Sells 1,043 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) insider Guy Gibson sold 1,043 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $147.43, for a total value of $153,769.49. Following the transaction, the insider owned 35,013 shares in the company, valued at approximately $5,161,966.59. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Northern Trust Stock Performance

NASDAQ NTRS opened at $146.38 on Friday. The company has a fifty day moving average price of $143.94 and a 200-day moving average price of $134.21. The firm has a market cap of $27.68 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. Northern Trust Corporation has a 1 year low of $81.62 and a 1 year high of $157.60.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.05. The business 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 revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.26 earnings per share. As a group, equities research analysts predict that Northern Trust Corporation will post 8.27 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Northern Trust’s dividend payout ratio (DPR) is presently 36.61%.

Hedge Funds Weigh In On Northern Trust

Several institutional investors and hedge funds have recently bought and sold shares of NTRS. Empowered Funds LLC boosted its holdings in shares of Northern Trust by 13.3% during the first quarter. Empowered Funds LLC now owns 20,112 shares of the asset manager’s stock worth $1,984,000 after purchasing an additional 2,363 shares during the period. Woodline Partners LP lifted its stake in shares of Northern Trust by 39.1% in the 1st quarter. Woodline Partners LP now owns 16,557 shares of the asset manager’s stock valued at $1,633,000 after purchasing an additional 4,653 shares during the period. Callan Family Office LLC bought a new stake in shares of Northern Trust during the second quarter valued at approximately $407,000. Apollon Wealth Management LLC grew its stake in Northern Trust by 59.8% in the second quarter. Apollon Wealth Management LLC now owns 3,964 shares of the asset manager’s stock worth $503,000 after purchasing an additional 1,483 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Northern Trust by 18.1% during the second quarter. Sequoia Financial Advisors LLC now owns 16,036 shares of the asset manager’s stock valued at $2,033,000 after buying an additional 2,457 shares during the period. 83.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NTRS. Zacks Research upgraded Northern Trust from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Truist Financial set a $148.00 price target on shares of Northern Trust in a report on Wednesday, January 7th. Royal Bank Of Canada raised their price objective on shares of Northern Trust from $139.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Citigroup increased their price objective on Northern Trust from $143.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, January 27th. Finally, Morgan Stanley upped their target price on shares of Northern Trust from $131.00 to $140.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.75.

About Northern Trust

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.