Northern Trust (NASDAQ:NTRS) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Northern Trust (NASDAQ:NTRS - Get Free Report) released its quarterly earnings results on Tuesday. The asset manager reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05, Zacks reports. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%.

Northern Trust Stock Down 0.9 %

Shares of NASDAQ:NTRS traded down $0.81 during trading on Friday, hitting $91.59. The company's stock had a trading volume of 1,171,120 shares, compared to its average volume of 1,251,665. The company has a market capitalization of $17.92 billion, a PE ratio of 9.37, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68. Northern Trust has a fifty-two week low of $79.68 and a fifty-two week high of $114.67. The business has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $102.81.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.75 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 3.28%. Northern Trust's dividend payout ratio is presently 27.99%.

Insider Activity

In related news, insider John Landers sold 900 shares of Northern Trust stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total value of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares in the company, valued at $851,401.60. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $111.33, for a total transaction of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares of the company's stock, valued at $1,918,883.88. This trade represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTRS. Citigroup cut their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Evercore ISI cut their price objective on Northern Trust from $104.00 to $100.00 and set an "in-line" rating for the company in a research report on Wednesday. UBS Group upped their target price on shares of Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Royal Bank of Canada dropped their price target on shares of Northern Trust from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of Northern Trust from $92.00 to $102.00 and gave the company a "sell" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Northern Trust has an average rating of "Hold" and a consensus target price of $110.83.

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.