Northern Trust (NASDAQ:NTRS - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.84 per share and revenue of $1.95 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Northern Trust (NASDAQ:NTRS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, analysts expect Northern Trust to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Northern Trust Price Performance
Shares of NTRS traded up $0.86 during midday trading on Friday, hitting $88.29. The company's stock had a trading volume of 1,463,261 shares, compared to its average volume of 1,250,486. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust has a one year low of $79.68 and a one year high of $114.67. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company's fifty day simple moving average is $99.92 and its two-hundred day simple moving average is $102.81.
Northern Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust's dividend payout ratio is presently 30.67%.
Insider Activity at Northern Trust
In other news, EVP Thomas A. South sold 3,804 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares in the company, valued at $9,242,722. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Landers sold 900 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the transaction, the insider now owns 7,640 shares of the company's stock, valued at $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,335 shares of company stock worth $3,970,211. Company insiders own 0.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Northern Trust from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Evercore ISI dropped their price target on Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Bank of America reduced their price objective on Northern Trust from $123.00 to $121.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Truist Financial dropped their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Finally, Morgan Stanley lowered their price objective on Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $113.08.
View Our Latest Research Report on Northern Trust
About Northern Trust
(
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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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