Northern Trust Corporation (NTRS) COO Jana R. Schreuder Sells 5,538 Shares

Northern Trust Corporation (NASDAQ:NTRS) COO Jana R. Schreuder sold 5,538 shares of Northern Trust Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $88.33, for a total value of $489,171.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Northern Trust Corporation (NASDAQ NTRS) traded up 0.57% during trading on Friday, reaching $87.93. The company had a trading volume of 1,149,151 shares. The firm has a market capitalization of $20.09 billion, a P/E ratio of 19.96 and a beta of 0.92. Northern Trust Corporation has a 52 week low of $66.40 and a 52 week high of $99.30. The stock has a 50 day moving average price of $91.52 and a 200 day moving average price of $89.38.

Northern Trust Corporation (NASDAQ:NTRS) last posted its earnings results on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.05. Northern Trust Corporation had a return on equity of 12.08% and a net margin of 20.21%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. Analysts predict that Northern Trust Corporation will post $4.72 earnings per share for the current year.

Northern Trust Corporation announced that its board has initiated a stock repurchase program on Wednesday, June 28th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be paid a dividend of $0.42 per share. This is a positive change from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 30th. Northern Trust Corporation’s dividend payout ratio is presently 34.55%.

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Several large investors have recently bought and sold shares of the company. Trust Department MB Financial Bank N A raised its stake in Northern Trust Corporation by 6.5% in the first quarter. Trust Department MB Financial Bank N A now owns 1,172 shares of the asset manager’s stock valued at $101,000 after buying an additional 72 shares during the last quarter. Kings Point Capital Management purchased a new stake in Northern Trust Corporation during the first quarter valued at about $101,000. Salem Investment Counselors Inc. raised its stake in Northern Trust Corporation by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after buying an additional 83 shares during the last quarter. Huntington National Bank raised its stake in Northern Trust Corporation by 54.0% in the second quarter. Huntington National Bank now owns 1,089 shares of the asset manager’s stock valued at $106,000 after buying an additional 382 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Northern Trust Corporation during the second quarter valued at about $107,000. 82.90% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the company. Zacks Investment Research raised Northern Trust Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company started coverage on Northern Trust Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price target on the stock. Bank of America Corporation restated a “buy” rating and issued a $98.00 price target (up from $61.32) on shares of Northern Trust Corporation in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $86.00 price target (down from $91.00) on shares of Northern Trust Corporation in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $94.15.

Northern Trust Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Northern Trust Corporation (NASDAQ:NTRS)

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