Northern Trust (NASDAQ:NTRS) EVP Susan Cohen Levy Sells 3,922 Shares of Stock

Northern Trust Corporation (NASDAQ:NTRS) EVP Susan Levy sold 3,922 shares of Northern Trust stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $168.69, for a total value of $661,602.18. Following the sale, the executive vice president directly owned 59,378 shares of the company’s stock, valued at $10,016,474.82. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Susan Cohen Levy also recently made the following trade(s):

• On Friday, October 23rd, Susan Levy sold 16,984 shares of Northern Trust stock. The shares were sold at an average price of $168.15, for a total value of $2,855,859.60.

Northern Trust Stock Performance

NTRS opened at $170.35 on Wednesday. Northern Trust Corporation has a one year low of $121.53 and a one year high of $195.78. The company has a market cap of $31.17 billion, a P/E ratio of 13.35 and a beta of 1.24. The business’s 50-day simple moving average is $176.41 and its 200-day simple moving average is $164.90.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 21st. The asset manager reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.53. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Northern Trust’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 EPS. As a group, analysts predict that Northern Trust Corporation will post 11.95 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 4th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 4th. Northern Trust’s dividend payout ratio is currently 27.59%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NTRS shares. Keefe, Bruyette & Woods raised their price objective on shares of Northern Trust from $157.00 to $175.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. Capital One Financial set a $190.00 target price on shares of Northern Trust in a report on Tuesday, October 6th. JPMorgan Chase & Co. dropped their target price on shares of Northern Trust from $185.50 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Citigroup dropped their target price on shares of Northern Trust from $186.00 to $170.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Northern Trust from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.47.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in Northern Trust during the second quarter worth approximately $26,000. NBH Bank purchased a new stake in Northern Trust in the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. purchased a new stake in Northern Trust in the second quarter valued at approximately $31,000. Basecamp Wealth Advisors LLC lifted its stake in Northern Trust by 99.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 203 shares of the asset manager’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of Northern Trust in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Company Profile

Northern Trust Corporation (NASDAQ:NTRS) is a financial services company that provides wealth management, asset servicing, asset management and banking services. The company serves institutional investors, corporations, financial institutions, high-net-worth individuals and families.

Its offerings include custody and administration of investment assets, fund accounting, securities lending, foreign exchange, treasury services, investment management, trust and estate services, private banking and wealth planning.