Northern Trust (NASDAQ:NTRS) will be releasing its earnings data before the market opens on Tuesday, April 17th. Analysts expect Northern Trust to post earnings of $1.37 per share for the quarter.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business posted $1.11 earnings per share. Northern Trust’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts expect Northern Trust to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NTRS stock opened at $103.91 on Friday. Northern Trust has a 52-week low of $84.93 and a 52-week high of $110.81. The company has a market cap of $23,695.11, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.35.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, March 8th. This represents a $1.68 annualized dividend and a dividend yield of 1.62%. Northern Trust’s payout ratio is 34.78%.
In related news, Vice Chairman Stephen N. Potter sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.14, for a total value of $1,061,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Biff Bowman sold 13,811 shares of the business’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 transaction of $1,498,907.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,459 shares of company stock valued at $20,188,431. 1.04% of the stock is owned by company insiders.
NTRS has been the subject of several recent research reports. Bank of America lifted their target price on shares of Northern Trust from $112.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Vining Sparks reiterated a “buy” rating and set a $118.00 target price on shares of Northern Trust in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, December 19th. BidaskClub upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Finally, Goldman Sachs upgraded shares of Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 target price for the company in a report on Monday, April 2nd. 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 stock. Northern Trust has a consensus rating of “Hold” and an average target price of $109.44.
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Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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