Northern Trust Co. (NASDAQ:NTRS) Insider Steven L. Fradkin Sells 4,097 Shares

Northern Trust Co. (NASDAQ:NTRS) insider Steven L. Fradkin sold 4,097 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total transaction of $338,248.32. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northern Trust Trading Up 1.3 %

Shares of Northern Trust stock opened at $84.62 on Friday. Northern Trust Co. has a twelve month low of $62.44 and a twelve month high of $89.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $83.99 and a 200-day moving average price of $80.06. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.20 and a beta of 1.13.

Northern Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.55%. Northern Trust’s dividend payout ratio (DPR) is 66.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Northern Trust by 140.2% during the fourth quarter. Wellington Management Group LLP now owns 5,802,792 shares of the asset manager’s stock valued at $489,640,000 after purchasing an additional 3,387,002 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Northern Trust by 31.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,533,855 shares of the asset manager’s stock valued at $551,327,000 after buying an additional 1,553,783 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Northern Trust in the 1st quarter valued at about $105,665,000. Norges Bank purchased a new position in Northern Trust in the fourth quarter worth about $90,532,000. Finally, Primecap Management Co. CA increased its stake in Northern Trust by 6.1% during the fourth quarter. Primecap Management Co. CA now owns 6,891,902 shares of the asset manager’s stock worth $581,539,000 after acquiring an additional 394,855 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group upped their price objective on Northern Trust from $72.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Jefferies Financial Group upped their price target on shares of Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI raised their price objective on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Royal Bank of Canada upped their target price on shares of Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $86.00 price target (up from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.92.

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.