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, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS 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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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone312-630-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.66 billion
Profitability
Miscellaneous
Employees18,800
Next Earnings Date10/23/2019 (Confirmed)
OptionableOptionable
Northern Trust (NASDAQ:NTRS) Frequently Asked Questions
What is Northern Trust's stock symbol?
Northern Trust trades on the NASDAQ under the ticker symbol "NTRS."
How often does Northern Trust pay dividends? What is the dividend yield for Northern Trust?
Northern Trust declared a quarterly dividend on Tuesday, July 23rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.70 per share on Tuesday, October 1st. This represents a $2.80 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, September 12th. This is a boost from Northern Trust's previous quarterly dividend of $0.60. View Northern Trust's Dividend History.
How will Northern Trust's stock buyback program work?
Northern Trust announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 17th 2018, which allows the company to repurchase 25,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.
How were Northern Trust's earnings last quarter?
Northern Trust Co. (NASDAQ:NTRS) issued its earnings results on Wednesday, July, 24th. The asset manager reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.07. The asset manager had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. Northern Trust had a return on equity of 15.74% and a net margin of 22.20%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 earnings per share. View Northern Trust's Earnings History.
When is Northern Trust's next earnings date?
How can I listen to Northern Trust's earnings call?
Northern Trust will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What price target have analysts set for NTRS?
16 brokers have issued 1 year target prices for Northern Trust's shares. Their predictions range from $85.00 to $120.00. On average, they anticipate Northern Trust's share price to reach $101.61 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Northern Trust.
What is the consensus analysts' recommendation for Northern Trust?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Northern Trust in the last year. There are currently 3 sell ratings, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Northern Trust.
What are Wall Street analysts saying about Northern Trust stock?
Here are some recent quotes from research analysts about Northern Trust stock:
- 1. According to Zacks Investment Research, "Shares of Northern Trust have outperformed the industry in the past three months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. First-quarter results reflected high revenues, strong capital position and improved credit metrics. However, rising operating expenses and lower fee income were on the downside. Northern Trust continues to gain from its strong wealth-management operations, along with diversified products. Also, higher interest rates are expected to ease margin pressure and support its top line. Further, its impressive capital-deployment activities continue to enhance shareholders’ confidence. However, despite undertaking cost-saving measures, mounting expenses continue to hurt the company's financials. Moreover, declining loans balance puts the top line under pressure." (5/17/2019)
- 2. Vining Sparks analysts commented, "We believe, as NTRS’ fundamental improvement continues to be paired with an acceleration in capital deployment; it should be able to improve its profitability by over another full percentage point in 2019E. As this improvement is realized, NTRS could create more than a 30% total shareholder return for investors over the next 12 months from a revaluation in its price-to-tangible book value toward 275% to reflect profitability enhancements, a 3% growth in 2.4% dividend yield." (1/23/2019)
Has Northern Trust been receiving favorable news coverage?
Media stories about NTRS stock have been trending somewhat negative on Thursday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Northern Trust earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Northern Trust.
Are investors shorting Northern Trust?
Northern Trust saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 3,880,000 shares, a drop of 8.9% from the August 30th total of 4,260,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.8% of the shares of the company are sold short. View Northern Trust's Current Options Chain.
Who are some of Northern Trust's key competitors?
Some companies that are related to Northern Trust include Bank of Nova Scotia (BNS), Banco Bradesco (BBD), BANCO BRADESCO/S (BBDO), Bank of New York Mellon (BK), State Street (STT), M&T Bank (MTB), Fifth Third Bancorp (FITB), Deutsche Bank (DB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), First Citizens BancShares (FCNCA) and Popular (BPOP).
What other stocks do shareholders of Northern Trust own?
Who are Northern Trust's key executives?
Northern Trust's management team includes the folowing people:
- Mr. Michael G. O'Grady, Chairman, Pres & CEO (Age 53)
- Mr. Stephen Biff Bowman, Exec. VP & CFO (Age 55)
- Mr. Steven L. Fradkin, Exec. VP & Pres of Wealth Management (Age 57)
- Mr. Peter B. Cherecwich, Pres of Corp. & Institutional Services (Age 54)
- Mr. Robert Patrick Browne CFA, Exec. VP & Chief Investment Officer (Age 54)
Who are Northern Trust's major shareholders?
Northern Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.58%), Gofen & Glossberg LLC IL (0.08%), PGGM Investments (0.07%), Reilly Financial Advisors LLC (0.05%), Sumitomo Mitsui DS Asset Management Company Ltd (0.05%) and Chesley Taft & Associates LLC (0.04%). Company insiders that own Northern Trust stock include Aileen B Blake, Biff Bowman, Clair Joyce St, Dean M Harrison, Frederick H Waddell, Jana R Schreuder, Jeffrey D Cohodes, Peter Cherecwich, Robert P Browne, Stephen N Potter, Susan Gillian Pembleton, Teresa Parker, Thomas A South, William L Morrison and Wilson Leech. View Institutional Ownership Trends for Northern Trust.
Which institutional investors are selling Northern Trust stock?
NTRS stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Gateway Investment Advisers LLC, Meeder Asset Management Inc., Wealthfront Advisers LLC, Nisa Investment Advisors LLC, Crossmark Global Holdings Inc., Pennsylvania Trust Co and Chesley Taft & Associates LLC. Company insiders that have sold Northern Trust company stock in the last year include Biff Bowman, Dean M Harrison, Robert P Browne, Stephen N Potter, Teresa Parker and Thomas A South. View Insider Buying and Selling for Northern Trust.
Which institutional investors are buying Northern Trust stock?
NTRS stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Confluence Investment Management LLC, State of Alaska Department of Revenue, Envestnet Asset Management Inc., North Star Investment Management Corp., NuWave Investment Management LLC, Robeco Institutional Asset Management B.V. and Hardy Reed LLC. View Insider Buying and Selling for Northern Trust.
How do I buy shares of Northern Trust?
Shares of NTRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Northern Trust's stock price today?
One share of NTRS stock can currently be purchased for approximately $93.89.
How big of a company is Northern Trust?
Northern Trust has a market capitalization of $20.18 billion and generates $6.66 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.73 on an earnings per share basis. Northern Trust employs 18,800 workers across the globe.View Additional Information About Northern Trust.
What is Northern Trust's official website?
How can I contact Northern Trust?
Northern Trust's mailing address is 50 S LASALLE ST, CHICAGO IL, 60603. The asset manager can be reached via phone at 312-630-6000 or via email at [email protected]
MarketBeat Community Rating for Northern Trust (NASDAQ NTRS)
MarketBeat's community ratings are surveys of what our community members think about Northern Trust and other stocks. Vote "Outperform" if you believe NTRS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NTRS will underperform the S&P 500 over the long term. You may vote once every thirty days.
