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

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

Northern Trust Stock Performance

Shares of NASDAQ:NTRS opened at $89.75 on Tuesday. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.46 and a beta of 1.08. Northern Trust Co. has a 12 month low of $62.44 and a 12 month high of $92.46. The firm’s 50-day moving average is $87.19 and its 200 day moving average is $85.07. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Wednesday, July 17th. The asset manager reported $1.78 EPS for the quarter, beating the consensus estimate 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 net margin of 10.53% and a return on equity of 12.24%. The firm’s revenue was up 53.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 EPS. Research analysts predict that Northern Trust Co. will post 7.01 EPS for the current year.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.00 dividend on an annualized basis and a yield of 3.34%. Northern Trust’s dividend payout ratio is currently 66.23%.

Wall Street Analysts Forecast Growth

NTRS has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, June 27th. The Goldman Sachs Group reduced their price target on shares of Northern Trust from $94.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Northern Trust from $85.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada lifted their price target on shares of Northern Trust from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, Morgan Stanley reduced their price target on shares of Northern Trust from $97.00 to $93.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and an average price target of $88.75.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds have recently added to or reduced their stakes in NTRS. Teacher Retirement System of Texas grew its stake in Northern Trust by 17.1% in the 4th quarter. Teacher Retirement System of Texas now owns 18,906 shares of the asset manager’s stock worth $1,595,000 after acquiring an additional 2,765 shares in the last quarter. Ieq Capital LLC bought a new position in Northern Trust in the 4th quarter worth about $242,000. Vanguard Personalized Indexing Management LLC grew its stake in Northern Trust by 73.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,036 shares of the asset manager’s stock worth $1,353,000 after acquiring an additional 6,778 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Northern Trust by 86.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,976 shares of the asset manager’s stock worth $167,000 after acquiring an additional 918 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in Northern Trust by 34.7% in the 4th quarter. Great Lakes Advisors LLC now owns 40,507 shares of the asset manager’s stock worth $3,418,000 after acquiring an additional 10,434 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Northern Trust Company Profile

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.