Seaport Res Ptn Forecasts Higher Earnings for Northern Trust

Key Points

• Seaport Res Ptn increased their FY2025 earnings per share estimate for Northern Trust to $8.73, slightly above the previous estimate of $8.70, demonstrating positive growth expectations for the asset manager.
• Northern Trust's stock has received varying price targets from analysts, with a high of $136.00 set by Barclays, and an overall average target price of $130.71, indicating a mix of investor sentiment.
• The company recently reported a quarterly earnings of $2.29 EPS, surpassing estimates and showcasing a 2.8% revenue increase compared to the same quarter last year.

Northern Trust Corporation (NASDAQ:NTRS - Free Report) - Investment analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of Northern Trust in a research note issued to investors on Wednesday, October 22nd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $8.73 per share for the year, up from their prior estimate of $8.70. 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 $2.42 EPS, Q3 2027 earnings at $2.67 EPS and FY2027 earnings at $10.55 EPS.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group set a $135.00 price objective on shares of Northern Trust in a research note on Tuesday, September 30th. Barclays lifted their price objective on Northern Trust from $128.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Morgan Stanley raised their target price on Northern Trust from $110.00 to $131.00 and gave the stock an "underweight" rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods boosted their price target on Northern Trust from $123.00 to $125.00 and gave the company an "underperform" rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on shares of Northern Trust from $125.00 to $135.00 and gave the company an "in-line" rating in a report on Tuesday, September 30th. Five 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $130.71.

Northern Trust Trading Down 0.6%

Shares of NASDAQ NTRS opened at $124.74 on Friday. The stock has a market cap of $23.85 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.72 and a current ratio of 0.70. Northern Trust has a 52-week low of $81.62 and a 52-week high of $135.48. The firm has a 50 day moving average price of $129.59 and a two-hundred day moving average price of $117.60.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The asset manager reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the prior year, the firm earned $2.22 EPS. The business's revenue for the quarter was up 2.8% compared to the same quarter last year.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in NTRS. FNY Investment Advisers LLC bought a new stake in Northern Trust in the second quarter worth about $25,000. Continuum Advisory LLC lifted its stake in Northern Trust by 5,340.0% in the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after purchasing an additional 267 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Northern Trust by 5,225.0% during the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager's stock valued at $27,000 after purchasing an additional 209 shares during the period. AlphaCore Capital LLC increased its position in Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager's stock worth $27,000 after buying an additional 97 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Northern Trust in the first quarter valued at $29,000. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other Northern Trust news, Director Robert Edward Jr. Moritz purchased 256 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $126.34 per share, for a total transaction of $32,343.04. Following the completion of the acquisition, the director owned 2,525 shares of the company's stock, valued at $319,008.50. The trade was a 11.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company's stock.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.20 annualized dividend and a dividend yield of 2.6%. Northern Trust's dividend payout ratio is currently 37.60%.

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.

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