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%.
ILLEGAL ACTIVITY WARNING: “Northern Trust Corporation (NTRS) COO Jana R. Schreuder Sells 5,538 Shares” was originally posted by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://rinconhillneighbors.org/2017/08/19/jana-r-schreuder-sells-5538-shares-of-northern-trust-corporation-ntrs-stock-updated.html.
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.
Receive News & Ratings for Northern Trust Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust Corporation and related companies with our FREE daily email newsletter.