Northern Trust (NASDAQ:NTRS) posted its earnings results on Wednesday. The asset manager reported $1.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.07), Briefing.com reports. Northern Trust had a return on equity of 15.66% and a net margin of 22.10%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year.
Shares of NTRS opened at $104.99 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.41. Northern Trust has a 12-month low of $83.95 and a 12-month high of $110.48. The firm has a market capitalization of $23.00 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The stock’s fifty day simple moving average is $107.46 and its 200-day simple moving average is $98.39.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, March 12th. Northern Trust’s dividend payout ratio (DPR) is presently 41.60%.
Several research analysts have commented on the company. Citigroup raised Northern Trust from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $92.00 to $110.00 in a research report on Monday, December 16th. Deutsche Bank lifted their price target on Northern Trust from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price objective on Northern Trust from $105.00 to $108.00 and gave the company an “underweight” rating in a research report on Monday, December 23rd. BidaskClub cut Northern Trust from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $106.92.
In related news, CFO Biff Bowman sold 13,208 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $106.53, for a total value of $1,407,048.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert P. Browne sold 10,680 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.56, for a total value of $1,084,660.80. The disclosure for this sale can be found here. Insiders have sold 68,280 shares of company stock worth $7,207,481 in the last ninety days. 1.15% of the stock is currently owned by insiders.
Northern Trust Company Profile
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.
Further Reading: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.