Northern Trust Corporation (NASDAQ:NTRS) is expected to pay $0.38 on Jan 1, 2017. The indicated annual dividend is $1.52. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Northern Trust Corporation’s current price of $80.59, the dividend is 0.47%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 19, 2016. The stock decreased 1.90% or $1.56 during the last trading session, hitting $80.59. Northern Trust Corporation (NASDAQ:NTRS) has risen 11.20% since April 26, 2016 and is uptrending. It has outperformed by 5.94% the S&P500.
Northern Trust Corporation is a financial holding company. The company has a market cap of $18.28 billion. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. It has a 19.16 P/E ratio. The Company’s divisions include Corporate & Institutional Services , Wealth Management, and Treasury and Other.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.01, from 1.05 in 2016Q1. The ratio fall, as 40 funds sold all Northern Trust Corporation shares owned while 168 reduced positions. 48 funds bought stakes while 170 increased positions. They now own 183.41 million shares or 1.38% less from 185.99 million shares in 2016Q1.
Chesley Taft & Assoc Limited Liability Corporation accumulated 0.49% or 71,896 shares. Capstone Investment Advsrs Ltd Liability Corp reported 26,363 shares or 0.03% of all its holdings. New Mexico Educational Retirement Board holds 0.07% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 25,011 shares. United Cap Financial Advisers last reported 0.05% of its portfolio in the stock. Copper Rock Cap Prns Ltd Llc has 3,937 shares for 0.02% of their US portfolio. Fukoku Mutual Life Communications holds 0.04% or 2,900 shares in its portfolio. Louisiana State Employees Retirement holds 14,100 shares or 0.05% of its portfolio. Moreover, Burgundy Asset has 1.61% invested in Northern Trust Corporation (NASDAQ:NTRS) for 2.43 million shares. Donaldson Capital Management Limited Com, a Indiana-based fund reported 24,219 shares. Manufacturers Life Insurance Communications The accumulated 0.02% or 203,258 shares. Royal Natl Bank Of Canada last reported 151,714 shares in the company. Thrivent Financial For Lutherans, a Minnesota-based fund reported 14,572 shares. Earnest Prns Ltd Liability Com accumulated 0.17% or 231,008 shares. Price T Rowe Associates Incorporated Md reported 13.49 million shares or 0.19% of all its holdings. Natl Pension Service accumulated 0.09% or 157,780 shares.
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 38 insider sales for $153.09 million net activity. WADDELL FREDERICK H sold 195,260 shares worth $14.45M. The insider BROWNE ROBERT P sold 11,455 shares worth $792,228. Cohodes Jeffrey D. sold 10,000 shares worth $690,000. 55,764 shares were sold by MORRISON WILLIAM L, worth $4.54M. $207,200 worth of Northern Trust Corporation (NASDAQ:NTRS) was sold by Bowman Biff on Wednesday, September 7. The insider St Clair Joyce sold $396,612. Schreuder Jana R also sold $10.30M worth of Northern Trust Corporation (NASDAQ:NTRS) shares.
Northern Trust Corporation (NASDAQ:NTRS) Ratings Coverage
Out of 8 analysts covering Northern Trust Corporation (NASDAQ:NTRS), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Northern Trust Corporation has been the topic of 30 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Citigroup downgraded the stock to “Sell” rating in Wednesday, April 20 report. The firm earned “Hold” rating on Monday, July 18 by Deutsche Bank. The stock has “Hold” rating given by on Monday, October 10. The company was maintained on Friday, January 8 by Deutsche Bank. Deutsche Bank maintained the stock with “Hold” rating in Thursday, June 16 report. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Hold” rating given on Monday, July 11 by Jefferies. Deutsche Bank maintained Northern Trust Corporation (NASDAQ:NTRS) rating on Wednesday, October 5. Deutsche Bank has “Hold” rating and $76 price target. Citigroup upgraded Northern Trust Corporation (NASDAQ:NTRS) rating on Tuesday, June 28. Citigroup has “Neutral” rating and $66 price target. As per Thursday, March 17, the company rating was maintained by Deutsche Bank. Citigroup maintained Northern Trust Corporation (NASDAQ:NTRS) rating on Wednesday, September 2. Citigroup has “Neutral” rating and $74 price target.
More important recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Arthur J. Gallagher, Navient and Northern Trust” on November 28, 2016, also Streetinsider.com published article titled: “Form 4 NORTHERN TRUST CORP For: Nov 04 Filed by: Leech Wilson”, Nasdaq.com published: “Northern Trust Corp (NTRS) Chairman, President and CEO Frederick H Waddell …” on November 17, 2016. More interesting news about Northern Trust Corporation (NASDAQ:NTRS) was released by: Forbes.com and their article: “Northern Trust Reaches Analyst Target Price” with publication date: November 08, 2016.
NTRS Company Profile
Northern Trust Corporation, incorporated on August 23, 1971, is a financial holding company. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. The Company’s divisions include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other. The Firm conducts its business through various the United States and non-United States subsidiaries, including The Northern Trust Company (Bank). Asset Management, through the Company’s subsidiaries, supports the C&IS and Wealth Management divisions by providing a range of asset management and related services, and other products to clients around the world.
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