Jason J. Tyler Sells 2,237 Shares of Northern Trust Co. (NASDAQ:NTRS) Stock

Northern Trust Co. (NASDAQ:NTRS) insider Jason J. Tyler sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total value of $252,042.79. Following the transaction, the insider now directly owns 58,449 shares in the company, valued at $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Northern Trust Price Performance

Shares of Northern Trust stock traded down $0.45 during midday trading on Friday, hitting $112.29. 1,057,367 shares of the company were exchanged, compared to its average volume of 1,210,418. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The firm has a market cap of $22.26 billion, a P/E ratio of 11.48, a PEG ratio of 1.72 and a beta of 1.08. Northern Trust Co. has a 52 week low of $76.67 and a 52 week high of $114.21. The firm has a 50 day simple moving average of $106.20 and a 200-day simple moving average of $97.31.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. Research analysts forecast that Northern Trust Co. will post 8.2 earnings per share for the current year.

Northern Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.75 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.67%. Northern Trust’s dividend payout ratio (DPR) is currently 30.67%.

Institutional Investors Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning grew its stake in shares of Northern Trust by 7.6% during the second quarter. Creative Planning now owns 23,614 shares of the asset manager’s stock worth $1,983,000 after purchasing an additional 1,665 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Northern Trust during the second quarter worth $1,622,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Northern Trust by 14.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the asset manager’s stock worth $83,000 after purchasing an additional 117 shares during the period. Czech National Bank grew its stake in shares of Northern Trust by 5.4% during the third quarter. Czech National Bank now owns 41,075 shares of the asset manager’s stock worth $3,698,000 after purchasing an additional 2,088 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Northern Trust by 24.2% during the third quarter. GAMMA Investing LLC now owns 3,591 shares of the asset manager’s stock worth $323,000 after purchasing an additional 699 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on NTRS shares. Morgan Stanley cut their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, January 3rd. StockNews.com raised Northern Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on Northern Trust from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Truist Financial upped their price target on Northern Trust from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and a consensus price target of $112.58.

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.