Insider Selling: Northern Trust Co. (NASDAQ:NTRS) Insider Sells 4,439 Shares of Stock

Northern Trust Co. (NASDAQ:NTRS) insider Teresa Parker sold 4,439 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.86, for a total value of $447,717.54. Following the transaction, the insider now directly owns 79,326 shares of the company’s stock, valued at $8,000,820.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Teresa Parker also recently made the following trade(s):

• On Friday, August 9th, Teresa Parker sold 5,883 shares of Northern Trust stock. The stock was sold at an average price of $84.06, for a total value of $494,524.98.

Northern Trust Price Performance

NTRS traded up $0.44 during trading on Tuesday, hitting $102.32. 1,805,787 shares of the stock traded hands, compared to its average volume of 1,313,359. The business has a 50 day moving average price of $91.39 and a 200 day moving average price of $86.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust Co. has a twelve month low of $64.13 and a twelve month high of $104.25. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.45 and a beta of 1.08.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.93%. Northern Trust’s payout ratio is presently 37.31%.

Analyst Ratings Changes

Several research analysts recently commented on NTRS shares. Evercore ISI increased their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $84.00 to $82.00 in a research note on Thursday, September 26th. Wells Fargo & Company upped their target price on Northern Trust from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Morgan Stanley raised their price target on Northern Trust from $97.00 to $103.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price objective on Northern Trust from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Northern Trust has a consensus rating of “Hold” and a consensus price target of $99.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Olistico Wealth LLC bought a new stake in Northern Trust during the 2nd quarter worth $25,000. Innealta Capital LLC acquired a new position in shares of Northern Trust in the second quarter valued at approximately $26,000. Ridgewood Investments LLC bought a new position in Northern Trust in the 2nd quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in Northern Trust by 343.9% during the 2nd quarter. Versant Capital Management Inc now owns 435 shares of the asset manager’s stock worth $37,000 after buying an additional 337 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Northern Trust during the 3rd quarter worth approximately $39,000. 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.