Seaport Res Ptn Forecasts Lower Earnings for Northern Trust

Key Points

• Seaport Res Ptn has revised its Q3 2026 earnings per share (EPS) estimate for Northern Trust down to $2.42, slightly lower than the previous estimate of $2.43.
• Northern Trust's recent earnings report showed an EPS of $2.13, exceeding the consensus estimate of $2.08, despite a 26.4% drop in quarterly revenue compared to the same period last year.
• The company is increasing its quarterly dividend from $0.75 to $0.80, reflecting a positive adjustment in its dividend payout ratio.

Northern Trust Corporation (NASDAQ:NTRS - Free Report) - Seaport Res Ptn reduced their Q3 2026 earnings per share (EPS) estimates for shares of Northern Trust in a research note issued on Wednesday, July 23rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings of $2.42 per share for the quarter, down from their previous estimate of $2.43. The consensus estimate for Northern Trust's current full-year earnings is $8.27 per share.

Other equities analysts have also issued research reports about the company. Morgan Stanley increased their target price on Northern Trust from $103.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded Northern Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Evercore ISI increased their price target on Northern Trust from $108.00 to $121.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Bank of America decreased their price objective on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and set a $118.00 price objective (down from $120.00) on shares of Northern Trust in a report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Northern Trust currently has a consensus rating of "Hold" and a consensus price target of $116.58.

Northern Trust Trading Down 0.1%

NASDAQ:NTRS traded down $0.14 during mid-day trading on Monday, hitting $131.42. The company had a trading volume of 122,700 shares, compared to its average volume of 1,631,403. Northern Trust has a fifty-two week low of $80.81 and a fifty-two week high of $133.00. The business's fifty day moving average is $118.64 and its two-hundred day moving average is $107.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.72. The firm has a market cap of $25.57 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.75 and a beta of 1.26.

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

Northern Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a dividend of $0.80 per share. 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 2.43%. The ex-dividend date of this dividend is Friday, September 5th. Northern Trust's dividend payout ratio (DPR) is presently 35.25%.

Insider Activity at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president directly owned 28,736 shares of the company's stock, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Teresa Parker sold 6,467 shares of Northern Trust stock in a transaction on Friday, May 9th. The shares were sold at an average price of $100.62, for a total value of $650,709.54. Following the completion of the transaction, the insider directly owned 79,391 shares of the company's stock, valued at $7,988,322.42. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,772 shares of company stock valued at $981,069. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northern Trust

A number of institutional investors have recently modified their holdings of NTRS. LPL Financial LLC raised its holdings in shares of Northern Trust by 83.5% during the 4th quarter. LPL Financial LLC now owns 45,184 shares of the asset manager's stock worth $4,631,000 after buying an additional 20,564 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Northern Trust by 11.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 325,630 shares of the asset manager's stock worth $33,631,000 after acquiring an additional 32,629 shares during the last quarter. Elo Mutual Pension Insurance Co grew its position in shares of Northern Trust by 23.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 22,413 shares of the asset manager's stock valued at $2,297,000 after buying an additional 4,240 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Northern Trust by 8.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 23,707 shares of the asset manager's stock valued at $2,430,000 after buying an additional 1,830 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in shares of Northern Trust by 29.7% in the 4th quarter. NEOS Investment Management LLC now owns 10,863 shares of the asset manager's stock valued at $1,113,000 after buying an additional 2,486 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

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.