Traders Buy Large Volume of Northern Trust Corporation Call Options (NTRS)

Northern Trust Corporation (NASDAQ:NTRS) saw unusually large options trading on Friday. Stock traders purchased 18,760 call options on the stock. This represents an increase of approximately 1,834% compared to the average daily volume of 970 call options.

Northern Trust Corporation (NTRS) opened at 93.27 on Wednesday. The firm has a 50-day moving average price of $89.88 and a 200 day moving average price of $90.12. The firm has a market cap of $21.31 billion, a PE ratio of 21.17 and a beta of 0.93. Northern Trust Corporation has a 12-month low of $68.78 and a 12-month high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Northern Trust Corporation had a return on equity of 12.08% and a net margin of 20.21%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Northern Trust Corporation will post $4.69 EPS for the current year.

Northern Trust Corporation announced that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s payout ratio is currently 38.18%.

Several analysts recently weighed in on the company. Citigroup Inc. restated a “neutral” rating and set a $92.00 target price (up previously from $90.00) on shares of Northern Trust Corporation in a research note on Monday. Zacks Investment Research upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. UBS AG upgraded Northern Trust Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $92.00 to $100.00 in a research note on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and set a $97.00 target price on shares of Northern Trust Corporation in a research note on Friday, August 18th. Finally, BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $95.93.

In related news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $94.00, for a total transaction of $94,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Teresa Parker sold 11,399 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $87.65, for a total value of $999,122.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,094 shares of company stock valued at $15,115,309. 1.27% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co raised its position in shares of Northern Trust Corporation by 4.5% in the second quarter. Pennsylvania Trust Co now owns 45,615 shares of the asset manager’s stock valued at $4,434,000 after buying an additional 1,945 shares in the last quarter. Boston Advisors LLC raised its position in shares of Northern Trust Corporation by 6,051.0% in the second quarter. Boston Advisors LLC now owns 160,540 shares of the asset manager’s stock valued at $15,606,000 after buying an additional 157,930 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Northern Trust Corporation by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after buying an additional 26,164 shares in the last quarter. Eaton Vance Management raised its position in shares of Northern Trust Corporation by 0.3% in the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock valued at $73,262,000 after buying an additional 2,397 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Northern Trust Corporation by 0.7% in the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after buying an additional 2,298 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/traders-buy-large-volume-of-northern-trust-corporation-call-options-ntrs.html.

Northern Trust Corporation Company Profile

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for co

Northern Trust Corporation (NTRS) opened at 93.27 on Wednesday. The firm has a 50-day moving average price of $89.88 and a 200 day moving average price of $90.12. The firm has a market cap of $21.31 billion, a PE ratio of 21.17 and a beta of 0.93. Northern Trust Corporation has a 12-month low of $68.78 and a 12-month high of $99.30.

Northern Trust Corporation (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Northern Trust Corporation had a return on equity of 12.08% and a net margin of 20.21%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Northern Trust Corporation will post $4.69 EPS for the current year.

Northern Trust Corporation announced that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. Northern Trust Corporation’s payout ratio is currently 38.18%.

Several analysts recently weighed in on the company. Citigroup Inc. restated a “neutral” rating and set a $92.00 target price (up previously from $90.00) on shares of Northern Trust Corporation in a research note on Monday. Zacks Investment Research upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. UBS AG upgraded Northern Trust Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $92.00 to $100.00 in a research note on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and set a $97.00 target price on shares of Northern Trust Corporation in a research note on Friday, August 18th. Finally, BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $95.93.

In related news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $94.00, for a total transaction of $94,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Teresa Parker sold 11,399 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $87.65, for a total value of $999,122.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,094 shares of company stock valued at $15,115,309. 1.27% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co raised its position in shares of Northern Trust Corporation by 4.5% in the second quarter. Pennsylvania Trust Co now owns 45,615 shares of the asset manager’s stock valued at $4,434,000 after buying an additional 1,945 shares in the last quarter. Boston Advisors LLC raised its position in shares of Northern Trust Corporation by 6,051.0% in the second quarter. Boston Advisors LLC now owns 160,540 shares of the asset manager’s stock valued at $15,606,000 after buying an additional 157,930 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Northern Trust Corporation by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock valued at $65,647,000 after buying an additional 26,164 shares in the last quarter. Eaton Vance Management raised its position in shares of Northern Trust Corporation by 0.3% in the second quarter. Eaton Vance Management now owns 753,651 shares of the asset manager’s stock valued at $73,262,000 after buying an additional 2,397 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Northern Trust Corporation by 0.7% in the second quarter. Principal Financial Group Inc. now owns 337,497 shares of the asset manager’s stock valued at $32,808,000 after buying an additional 2,298 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/traders-buy-large-volume-of-northern-trust-corporation-call-options-ntrs.html.

Northern Trust Corporation Company Profile

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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