Charles A. Tribbett Sells 1,855 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) Director Charles A. Tribbett sold 1,855 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $88.12, for a total value of $163,462.60. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $88,120. The transaction was disclosed in a filing with the SEC, which is available through this link.

Northern Trust Stock Up 1.0 %

Shares of NTRS stock opened at $90.65 on Wednesday. The stock has a market cap of $18.55 billion, a P/E ratio of 20.01, a PEG ratio of 1.46 and a beta of 1.08. The company’s fifty day simple moving average is $87.32 and its two-hundred day simple moving average is $85.13. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 52 week low of $62.44 and a 52 week high of $92.46.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. The firm’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 earnings per share. Analysts predict that Northern Trust Co. will post 7.01 EPS for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, September 6th. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Northern Trust from $85.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Keefe, Bruyette & Woods decreased their target price on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada upped their price target on shares of Northern Trust from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Morgan Stanley decreased their price objective on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group lowered their target price on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.75.

Institutional Investors Weigh In On Northern Trust

Large investors have recently bought and sold shares of the business. Bayesian Capital Management LP increased its holdings in shares of Northern Trust by 986.3% in the 4th quarter. Bayesian Capital Management LP now owns 37,900 shares of the asset manager’s stock worth $3,198,000 after buying an additional 34,411 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Northern Trust by 6.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 360,640 shares of the asset manager’s stock worth $32,111,000 after acquiring an additional 23,020 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Northern Trust by 557.8% during the first quarter. Sequoia Financial Advisors LLC now owns 30,813 shares of the asset manager’s stock valued at $2,740,000 after purchasing an additional 26,129 shares during the period. Bessemer Group Inc. lifted its stake in shares of Northern Trust by 668.0% in the 1st quarter. Bessemer Group Inc. now owns 20,205 shares of the asset manager’s stock valued at $1,797,000 after purchasing an additional 17,574 shares during the last quarter. Finally, AIA Group Ltd boosted its holdings in shares of Northern Trust by 4.3% in the 1st quarter. AIA Group Ltd now owns 602,785 shares of the asset manager’s stock worth $53,600,000 after purchasing an additional 24,791 shares during the period. Institutional investors own 83.19% of the company’s stock.

About Northern Trust

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.