Northern Trust Co. (NASDAQ:NTRS) CFO Biff Bowman sold 13,811 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $108.53, for a total value of $1,498,907.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Northern Trust Co. (NTRS) opened at $107.59 on Wednesday. The stock has a market capitalization of $24,752.51, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.99. Northern Trust Co. has a twelve month low of $83.17 and a twelve month high of $109.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. equities research analysts forecast that Northern Trust Co. will post 6.11 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of NTRS. Field & Main Bank acquired a new stake in Northern Trust during the 4th quarter valued at $100,000. Truewealth LLC acquired a new stake in Northern Trust during the 4th quarter valued at $110,000. Cerebellum GP LLC acquired a new stake in Northern Trust during the 4th quarter valued at $132,000. Mission Wealth Management LP acquired a new stake in Northern Trust during the 4th quarter valued at $200,000. Finally, Hollencrest Capital Management acquired a new stake in Northern Trust during the 4th quarter valued at $210,000. 81.05% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Sandler O’Neill restated a “hold” rating and issued a $105.00 target price on shares of Northern Trust in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, December 19th. Morgan Stanley upped their target price on Northern Trust from $91.00 to $104.00 and gave the stock an “underweight” rating in a research report on Thursday, January 25th. Bank of America upped their target price on Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Vining Sparks restated a “buy” rating and issued a $118.00 target price on shares of Northern Trust in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Northern Trust has an average rating of “Hold” and an average target price of $104.81.
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About Northern Trust
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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