Vanguard Group Inc. reduced its stake in Northern Trust Corporation by 1.3% in the third quarter, selling 297,221 shares and now owning 11.79% of the company, valued at approximately $3.00 billion. Northern Trust exceeded Q3 EPS estimates, reporting $2.42 per share on $3.15 billion in revenue, an 8.4% increase year-over-year. The company also declared a quarterly dividend of $0.80 per share, and analyst sentiment is mixed with a consensus “Hold” rating and an average target price of $148.75.
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Vanguard Group Inc. Sells 297,221 Shares of Northern Trust Corporation $NTRS
Vanguard Group Inc. reduced its stake in Northern Trust Corporation by 1.3% in the third quarter, selling 297,221 shares and now owning 11.79% of the company, valued at approximately $3.00 billion. Northern Trust exceeded Q3 EPS estimates, reporting $2.42 per share on $3.15 billion in revenue, an 8.4% increase year-over-year. The company also declared a quarterly dividend of $0.80 per share, and analyst sentiment is mixed with a consensus “Hold” rating and an average target price of $148.75.