FY2024 EPS Estimates for Northern Trust Co. (NASDAQ:NTRS) Increased by Analyst

Northern Trust Co. (NASDAQ:NTRS - Free Report) - Seaport Res Ptn increased their FY2024 earnings estimates for shares of Northern Trust in a research report issued on Thursday, April 18th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $6.65 per share for the year, up from their prior forecast of $6.55. The consensus estimate for Northern Trust's current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for Northern Trust's Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.76 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $6.85 EPS.

NTRS has been the subject of a number of other reports. TheStreet upgraded shares of Northern Trust from a "c+" rating to a "b-" rating in a research report on Friday, January 12th. Evercore ISI upped their price target on shares of Northern Trust from $86.00 to $87.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. UBS Group upped their price target on shares of Northern Trust from $72.00 to $84.00 and gave the company a "neutral" rating in a research report on Tuesday, January 9th. Barclays upped their price target on shares of Northern Trust from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 2nd. Finally, Bank of America upped their price target on shares of Northern Trust from $93.00 to $101.00 and gave the company a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $84.92.

Northern Trust Price Performance

NTRS stock traded up $0.04 during trading on Friday, reaching $81.45. 1,985,232 shares of the company were exchanged, compared to its average volume of 1,518,506. The company has a 50-day moving average of $83.26 and a two-hundred day moving average of $78.93. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.64 and a beta of 1.13. Northern Trust has a twelve month low of $62.44 and a twelve month high of $89.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.81). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.71 billion. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. Northern Trust's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 earnings per share.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, June 7th. Northern Trust's dividend payout ratio is presently 66.23%.

Insider Buying and Selling

In related news, insider Steven L. Fradkin sold 30,392 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the transaction, the insider now directly owns 55,707 shares of the company's stock, valued at $4,462,687.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Spartan Planning & Wealth Management raised its holdings in shares of Northern Trust by 10,566.7% in the fourth quarter. Spartan Planning & Wealth Management now owns 320 shares of the asset manager's stock valued at $27,000 after purchasing an additional 317 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Northern Trust in the fourth quarter valued at about $28,000. Quent Capital LLC increased its holdings in Northern Trust by 77.8% during the fourth quarter. Quent Capital LLC now owns 361 shares of the asset manager's stock worth $30,000 after buying an additional 158 shares during the last quarter. Allworth Financial LP raised its position in Northern Trust by 94.1% in the fourth quarter. Allworth Financial LP now owns 359 shares of the asset manager's stock worth $30,000 after acquiring an additional 174 shares during the period. Finally, Belpointe Asset Management LLC raised its position in Northern Trust by 84.5% in the first quarter. Belpointe Asset Management LLC now owns 393 shares of the asset manager's stock worth $35,000 after acquiring an additional 180 shares during the period. 83.19% of the stock is owned by institutional investors.

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, 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.