News coverage about Northern Trust (NASDAQ:NTRS) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northern Trust earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.306903746669 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
NTRS has been the subject of several recent research reports. Zacks Investment Research cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Goldman Sachs Group raised Northern Trust from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, April 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Northern Trust in a research report on Thursday, April 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Northern Trust in a research report on Friday, April 6th. Finally, Deutsche Bank raised their price objective on Northern Trust from $109.00 to $111.00 and gave the company a “hold” rating in a research report on Friday, April 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Northern Trust presently has a consensus rating of “Hold” and an average price target of $110.75.
Shares of NASDAQ NTRS opened at $102.68 on Friday. The company has a market cap of $23.05 billion, a PE ratio of 21.26, a PEG ratio of 1.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.66. Northern Trust has a 1-year low of $85.69 and a 1-year high of $110.81.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 17th. The asset manager reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.16. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. Northern Trust had a return on equity of 13.88% and a net margin of 21.84%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. equities research analysts predict that Northern Trust will post 6.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Sunday, July 1st. Stockholders of record on Friday, June 8th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.64%. Northern Trust’s dividend payout ratio (DPR) is currently 34.78%.
In other news, EVP Aileen B. Blake sold 7,163 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $105.15, for a total transaction of $753,189.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey D. Cohodes sold 14,979 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 27,682 shares of company stock worth $2,924,955. 1.04% of the stock is owned by corporate insiders.
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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