Seaport Res Ptn Raises Earnings Estimates for Northern Trust

Northern Trust Corporation (NASDAQ:NTRS - Free Report) - Investment analysts at Seaport Res Ptn lifted their Q2 2026 EPS estimates for Northern Trust in a research note issued on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings of $2.41 per share for the quarter, up from their previous forecast of $2.29. The consensus estimate for Northern Trust's current full-year earnings is $8.27 per share.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.95 billion. Northern Trust had a net margin of 13.93% and a return on equity of 13.73%.

A number of other brokerages also recently commented on NTRS. Wells Fargo & Company lowered their price objective on Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada set a $123.00 price target on Northern Trust and gave the stock an "outperform" rating in a research note on Monday, June 30th. Morgan Stanley raised their target price on Northern Trust from $103.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Citigroup lowered their price target on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Evercore ISI boosted their price target on Northern Trust from $108.00 to $121.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. Two 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $114.67.

Northern Trust Price Performance

Northern Trust stock opened at $125.96 on Wednesday. Northern Trust has a 1 year low of $80.81 and a 1 year high of $133.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. The company's fifty day moving average price is $110.58 and its 200 day moving average price is $104.96. The stock has a market capitalization of $24.50 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.92 and a beta of 1.26.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, June 6th. Northern Trust's dividend payout ratio is presently 27.99%.

Insider Transactions at Northern Trust

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Colonial Trust Co SC raised its stake in Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after purchasing an additional 256 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Northern Trust by 5,340.0% in the 1st quarter. Continuum Advisory LLC now owns 272 shares of the asset manager's stock valued at $27,000 after buying an additional 267 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Northern Trust during the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Northern Trust in the first quarter valued at $35,000. Finally, Assetmark Inc. raised its stake in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors 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.

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