Analysts expect Northern Trust (NASDAQ:NTRS) to report $1.59 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Northern Trust’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.66. Northern Trust posted earnings per share of $1.18 in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that Northern Trust will report full-year earnings of $6.26 per share for the current fiscal year, with EPS estimates ranging from $5.84 to $6.65. For the next financial year, analysts anticipate that the company will report earnings of $6.90 per share, with EPS estimates ranging from $6.40 to $7.17. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Northern Trust.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Northern Trust had a net margin of 21.84% and a return on equity of 13.91%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.
NTRS has been the subject of several recent research reports. Credit Suisse Group lifted their target price on shares of Northern Trust from $99.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley lifted their target price on shares of Northern Trust from $104.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Sandler O’Neill reiterated a “hold” rating and issued a $108.00 target price on shares of Northern Trust in a research note on Monday, April 9th. BidaskClub upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Bank of America lifted their target price on shares of Northern Trust from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Northern Trust presently has an average rating of “Hold” and a consensus price target of $110.00.
NASDAQ NTRS traded up $2.35 during trading hours on Friday, reaching $108.66. 119,344 shares of the company were exchanged, compared to its average volume of 1,204,211. Northern Trust has a 1 year low of $85.41 and a 1 year high of $110.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $24,013.18, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be given a $0.42 dividend. The ex-dividend date is Thursday, June 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. Northern Trust’s dividend payout ratio (DPR) is currently 34.78%.
In other Northern Trust news, Vice Chairman Stephen N. Potter sold 10,000 shares of Northern Trust stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.14, for a total transaction 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, COO Jana R. Schreuder sold 4,807 shares of Northern Trust stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $110.00, for a total transaction of $528,770.00. The disclosure for this sale can be found here. Insiders sold 189,457 shares of company stock valued at $20,188,250 over the last 90 days. 1.04% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in NTRS. Dimensional Fund Advisors LP lifted its position in Northern Trust by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 973,397 shares of the asset manager’s stock valued at $89,484,000 after purchasing an additional 12,322 shares during the last quarter. Jane Street Group LLC lifted its position in Northern Trust by 20.8% during the third quarter. Jane Street Group LLC now owns 7,561 shares of the asset manager’s stock valued at $695,000 after purchasing an additional 1,304 shares during the last quarter. Janus Henderson Group PLC lifted its position in Northern Trust by 89.5% during the third quarter. Janus Henderson Group PLC now owns 428,273 shares of the asset manager’s stock valued at $39,372,000 after purchasing an additional 202,222 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Northern Trust during the third quarter valued at approximately $590,000. Finally, California Public Employees Retirement System lifted its position in Northern Trust by 3.3% during the third quarter. California Public Employees Retirement System now owns 569,913 shares of the asset manager’s stock valued at $52,392,000 after purchasing an additional 18,454 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.
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About Northern Trust
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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