Seaport Res Ptn Forecasts Higher Earnings for Northern Trust

Key Points

• Seaport Res Ptn has raised its Q3 2026 earnings estimate for Northern Trust, now predicting earnings of $2.48 per share, up from a previous estimate of $2.42.
• The asset manager recently increased its quarterly dividend from $0.75 to $0.80, reflecting a commitment to return value to shareholders.
• Analysts have mixed opinions on Northern Trust, with four ratings indicating a "Buy," while the overall consensus remains a "Hold" with an average price target of $128.23.

Northern Trust Corporation (NASDAQ:NTRS - Free Report) - Seaport Res Ptn lifted their Q3 2026 earnings estimates for Northern Trust in a report issued on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $2.48 per share for the quarter, up from their previous estimate of $2.42. The consensus estimate for Northern Trust's current full-year earnings is $8.27 per share.

Several other equities research analysts have also commented on the stock. TD Cowen assumed coverage on shares of Northern Trust in a research report on Thursday, September 25th. They set a "buy" rating on the stock. BMO Capital Markets started coverage on Northern Trust in a research note on Friday, October 3rd. They set a "market perform" rating and a $142.00 price target for the company. Evercore ISI lifted their price target on Northern Trust from $125.00 to $135.00 and gave the stock an "in-line" rating in a research note on Tuesday, September 30th. Morgan Stanley lifted their price target on Northern Trust from $110.00 to $131.00 and gave the stock an "underweight" rating in a research note on Monday, September 29th. Finally, Citigroup lifted their price target on Northern Trust from $110.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Northern Trust currently has an average rating of "Hold" and an average target price of $128.23.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $132.45 on Wednesday. The firm has a market capitalization of $25.33 billion, a P/E ratio of 15.56, a PEG ratio of 1.56 and a beta of 1.31. Northern Trust has a one year low of $81.62 and a one year high of $135.48. The company's fifty day moving average is $129.53 and its two-hundred day moving average is $115.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.72.

Northern Trust (NASDAQ:NTRS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.05. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. Northern Trust had a net margin of 11.75% and a return on equity of 14.06%. The firm's revenue for the quarter was down 26.4% on a year-over-year basis. During the same quarter last year, the company earned $4.34 earnings per share.

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. This is a boost from Northern Trust's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, September 5th. Northern Trust's dividend payout ratio is 37.60%.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz bought 256 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $126.34 per share, with a total value of $32,343.04. Following the completion of the transaction, the director directly owned 2,525 shares of the company's stock, valued at approximately $319,008.50. This represents a 11.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Northern Trust by 47.8% in the first quarter. Bank of New York Mellon Corp now owns 1,810,816 shares of the asset manager's stock worth $178,637,000 after buying an additional 585,992 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Northern Trust by 4.9% in the first 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 in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Northern Trust by 8.4% in the first quarter. Asset Management One Co. Ltd. now owns 84,974 shares of the asset manager's stock worth $8,383,000 after purchasing an additional 6,570 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Northern Trust by 529.4% in the first quarter. Allianz Asset Management GmbH now owns 461,383 shares of the asset manager's stock worth $45,515,000 after purchasing an additional 388,081 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of Northern Trust by 96.7% in the first quarter. Kathmere Capital Management LLC now owns 5,239 shares of the asset manager's stock worth $517,000 after purchasing an additional 2,575 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

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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