News coverage about Northern Trust (NASDAQ:NTRS) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northern Trust earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.2436126062693 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of research firms recently commented on NTRS. Zacks Investment Research downgraded Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank boosted their price target on Northern Trust from $109.00 to $111.00 and gave the company a “hold” rating in a research note on Friday, April 6th. BidaskClub downgraded Northern Trust from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $110.00 target price on shares of Northern Trust in a research note on Wednesday, April 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $122.00 target price on shares of Northern Trust in a research note on Friday, April 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $110.75.
Northern Trust stock opened at $107.30 on Friday. Northern Trust has a 1 year low of $85.69 and a 1 year high of $110.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $24.25 billion, a PE ratio of 22.22, a PEG ratio of 1.42 and a beta of 0.92.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Tuesday, April 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. sell-side analysts predict that Northern Trust will post 6.5 EPS for the current fiscal year.
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 paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, June 7th. Northern Trust’s dividend payout ratio is currently 34.78%.
In other news, insider Jeffrey D. Cohodes sold 14,979 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $105.15, for a total value of $1,575,041.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Aileen B. Blake sold 7,163 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $105.15, for a total value of $753,189.45. The disclosure for this sale can be found here. Insiders sold 27,682 shares of company stock valued at $2,924,955 in the last ninety days. 1.04% of the stock is currently owned by insiders.
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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