Trading Report: Today, 21,541 Shares of Stock are sold by Northern Trust Corp. (NTRS) Insider Wilson Leech

Today, 21,541 Shares of Stock are sold by Northern Trust Corp. (NTRS) Insider Wilson Leech

Northern Trust Corp. (NASDAQ:NTRS) insider Wilson Leech sold 21,541 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $77.01, for a total value of $1,658,872.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 80.59 on Tuesday. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 19.20 and a beta of 1.02. Northern Trust Corp. has a 1-year low of $54.38 and a 1-year high of $83.09. The stock has a 50 day moving average price of $75.14 and a 200 day moving average price of $70.47.

Northern Trust Corp. (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Northern Trust Corp. had a net margin of 19.58% and a return on equity of 11.55%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Equities research analysts anticipate that Northern Trust Corp. will post $4.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, November 30th. Northern Trust Corp.’s payout ratio is 36.45%.

Several research firms recently issued reports on NTRS. Zacks Investment Research raised Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, November 16th. Credit Suisse Group AG began coverage on Northern Trust Corp. in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $71.00 price objective on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Northern Trust Corp. in a research report on Monday, October 10th. Deutsche Bank AG upped their price objective on Northern Trust Corp. from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, September 9th. Finally, upped their price objective on Northern Trust Corp. from $70.00 to $73.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.65.

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can purchased a new stake in shares of Northern Trust Corp. during the second quarter valued at $36,022,000. Nuance Investments LLC increased its stake in shares of Northern Trust Corp. by 5.6% in the second quarter. Nuance Investments LLC now owns 641,461 shares of the company’s stock valued at $42,503,000 after buying an additional 34,261 shares during the period. British Columbia Investment Management Corp increased its stake in shares of Northern Trust Corp. by 5.1% in the third quarter. British Columbia Investment Management Corp now owns 165,787 shares of the company’s stock valued at $11,272,000 after buying an additional 7,993 shares during the period. Confluence Investment Management LLC increased its stake in shares of Northern Trust Corp. by 9.6% in the second quarter. Confluence Investment Management LLC now owns 894,711 shares of the company’s stock valued at $59,284,000 after buying an additional 78,216 shares during the period. Finally, HL Financial Services LLC increased its stake in shares of Northern Trust Corp. by 3.1% in the second quarter. HL Financial Services LLC now owns 638,250 shares of the company’s stock valued at $42,290,000 after buying an additional 18,903 shares during the period. 79.70% of the stock is currently owned by institutional investors.

About Northern Trust Corp.

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