Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski Sells 2,262 Shares

Northern Trust Co. (NASDAQ:NTRS) EVP Jane Karpinski sold 2,262 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the completion of the transaction, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. The trade was a 11.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Northern Trust Trading Up 0.5 %

NASDAQ:NTRS opened at $111.38 on Wednesday. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 11.39, 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 company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $106.26 and a 200 day moving average of $97.76.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. As a group, sell-side analysts anticipate that Northern Trust Co. will post 8.2 earnings per share for the current fiscal year.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.69%. Northern Trust’s payout ratio is 30.67%.

Wall Street Analyst Weigh In

NTRS has been the topic of a number of research analyst reports. Evercore ISI upped their target price on shares of Northern Trust from $86.00 to $103.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their target price 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. Truist Financial increased their price target on Northern Trust from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group lifted their price objective on Northern Trust from $92.00 to $102.00 and gave the company a “sell” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northern Trust presently has an average rating of “Hold” and an average target price of $112.58.

Hedge Funds Weigh In On Northern Trust

Several hedge funds and other institutional investors have recently modified their holdings of NTRS. FMR LLC grew its position in Northern Trust by 9.3% during the 3rd quarter. FMR LLC now owns 18,187,663 shares of the asset manager’s stock worth $1,637,435,000 after purchasing an additional 1,542,685 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Northern Trust by 0.5% during the third quarter. Primecap Management Co. CA now owns 7,085,117 shares of the asset manager’s stock valued at $637,873,000 after buying an additional 38,360 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Northern Trust by 9.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,296,442 shares of the asset manager’s stock valued at $386,809,000 after acquiring an additional 388,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Northern Trust by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,577,091 shares of the asset manager’s stock worth $141,986,000 after acquiring an additional 16,500 shares during the last quarter. Finally, KBC Group NV lifted its position in Northern Trust by 201.6% during the 4th quarter. KBC Group NV now owns 963,811 shares of the asset manager’s stock worth $98,791,000 after acquiring an additional 644,261 shares during the period. 83.19% of the stock is owned by hedge funds and other 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.