Brokers Set Expectations for Northern Trust Q3 Earnings

Key Points

• Seaport Res Ptn has raised its Q3 2025 earnings per share estimate for Northern Trust to $2.27, up from $2.19, while the full-year consensus estimate is $8.27.
• Northern Trust recently announced an increase in its quarterly dividend from $0.75 to $0.80, representing an annualized yield of 2.4%.
• Shares of Northern Trust opened at $132.21 with a current average target price of $128.23, reflecting mixed analyst ratings from buy to sell.

Northern Trust Corporation (NASDAQ:NTRS - Free Report) - Seaport Res Ptn increased their Q3 2025 earnings per share (EPS) estimates for Northern Trust in a report released on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings of $2.27 per share for the quarter, up from their previous forecast of $2.19. The consensus estimate for Northern Trust's current full-year earnings is $8.27 per share. Seaport Res Ptn also issued estimates for Northern Trust's Q4 2025 earnings at $2.40 EPS, FY2025 earnings at $8.70 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $2.50 EPS, Q4 2026 earnings at $2.56 EPS, FY2026 earnings at $9.80 EPS and FY2027 earnings at $10.80 EPS.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $2.13 EPS for the quarter, beating the consensus estimate of $2.08 by $0.05. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $4.34 EPS. The company's quarterly revenue was down 26.4% compared to the same quarter last year.

Several other research analysts have also issued reports on NTRS. The Goldman Sachs Group set a $135.00 target price on Northern Trust in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $118.00 price objective (down from $120.00) on shares of Northern Trust in a report on Thursday, July 24th. Wells Fargo & Company raised their target price on Northern Trust from $120.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Friday. Morgan Stanley upped their price target on shares of Northern Trust from $110.00 to $131.00 and gave the company an "underweight" rating in a report on Monday, September 29th. Finally, Wolfe Research raised shares of Northern Trust from an "underperform" rating to a "peer perform" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $128.23.

Northern Trust Trading Down 0.1%

Shares of NASDAQ:NTRS opened at $132.21 on Tuesday. The business's fifty day simple moving average is $129.51 and its 200-day simple moving average is $115.04. Northern Trust has a 12-month low of $81.62 and a 12-month high of $135.48. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $25.28 billion, a PE ratio of 15.54, a P/E/G ratio of 1.57 and a beta of 1.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Northern Trust by 0.8% during the second quarter. Vanguard Group Inc. now owns 22,593,674 shares of the asset manager's stock worth $2,864,652,000 after purchasing an additional 188,472 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Northern Trust by 4.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,850,088 shares of the asset manager's stock worth $774,411,000 after purchasing an additional 363,472 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Northern Trust by 19.5% during the 2nd quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager's stock valued at $988,170,000 after acquiring an additional 1,270,748 shares during the last quarter. Geode Capital Management LLC grew its position in Northern Trust by 3.7% during the second quarter. Geode Capital Management LLC now owns 5,196,659 shares of the asset manager's stock valued at $656,229,000 after acquiring an additional 184,726 shares during the period. Finally, Invesco Ltd. increased its holdings in Northern Trust by 1.7% in the 2nd quarter. Invesco Ltd. now owns 3,501,628 shares of the asset manager's stock valued at $443,971,000 after purchasing an additional 58,029 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz bought 256 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $126.34 per share, with a total value of $32,343.04. Following the purchase, the director owned 2,525 shares in the company, valued at approximately $319,008.50. The trade was a 11.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Northern Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, September 5th. This is an increase from Northern Trust's previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.4%. Northern Trust's dividend payout ratio is currently 37.60%.

About Northern Trust

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

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