Northern Trust Corp Shares Slide 11.5% Below Cherecwich's Purchase Price

By Dividend Channel Staff, Friday, April 26, 12:45 PM ET

Start slideshow:
10 Dividend Bargains You Can Buy Cheaper Than Insiders Did »

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 5, Northern Trust Corp's President/Asset Servicing, Peter Cherecwich, invested $1,689.02 into 18 shares of NTRS, for a cost per share of $93.83. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Northern Trust Corp (NASDAQ:NTRS) and achieve a cost basis 11.5% cheaper than Cherecwich, with shares changing hands as low as $83.05 per share. It should be noted that Cherecwich has collected $1.50/share in dividends since the time of their purchase, so they are currently down 9.9% on their purchase from a total return basis. Northern Trust Corp shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of NTRS shares, versus its 200 day moving average:

Northern Trust Corp Chart

Looking at the chart above, NTRS's low point in its 52 week range is $62.435 per share, with $89.25 as the 52 week high point — that compares with a last trade of $83.75. By comparison, below is a table showing the prices at which NTRS insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
12/05/2023	Peter Cherecwich	President/Asset Servicing	18	$93.83	$1,689.02

The current annualized dividend paid by Northern Trust Corp is $3/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/07/2024. Below is a long-term dividend history chart for NTRS, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.

Free Report: Top 8%+ Dividends (paid monthly)

This Article's Word Cloud: Arial Asset Back Bargain Bargains Below Cheaper Cherecwich Corp December Dividend Dividends Free NTRS Northern Peter President Servicing Trust about annualized basis below buying chart cost currently dividend escape fillColor hunters insider last most only paid point purchase reason recent share shares stock that their they trading week which with

Northern Trust Corp Shares Slide 11.5% Below Cherecwich's Purchase Price

Northern Trust Corp Shares Slide 11.5% Below Cherecwich's Purchase Price | www.DividendChannel.com