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 announced 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 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend 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 declared that its board has initiated a share repurchase plan on Tuesday, July 17th 2018, which allows the company to repurchase 25,000,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Northern Trust's earnings last quarter?
Northern Trust Co. (NASDAQ:NTRS) announced its quarterly earnings results on Wednesday, October, 23rd. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.06. The asset manager had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.52 billion. Northern Trust had a net margin of 22.20% and a return on equity of 15.74%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. View Northern Trust's Earnings History.
When is Northern Trust's next earnings date?
What price target have analysts set for NTRS?
15 analysts have issued 1-year price targets for Northern Trust's stock. Their predictions range from $85.00 to $120.00. On average, they anticipate Northern Trust's stock price to reach $100.58 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. View Analyst Price Targets for Northern Trust.
What is the consensus analysts' recommendation for Northern Trust?
15 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 4 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?
News stories about NTRS stock have been trending somewhat positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Northern Trust earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned media coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect 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 decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,880,000 shares, a decrease of 8.9% from the August 30th total of 4,260,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 3.6 days. Currently, 1.8% of the shares of the company are short sold. 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 BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) and Main Street Capital (MAIN).
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 variety of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.58%), Boston Trust Walden Corp (0.32%), Calamos Advisors LLC (0.10%), Gofen & Glossberg LLC IL (0.08%), PGGM Investments (0.07%) and Speece Thorson Capital Group Inc. (0.07%). 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 major 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, Speece Thorson Capital Group Inc., Oakbrook Investments LLC, Meeder Asset Management Inc., Wealthfront Advisers LLC, Cornerstone Advisors Inc. and Benin Management CORP. 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 major investors are buying Northern Trust stock?
NTRS stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Calamos Advisors LLC, Confluence Investment Management LLC, State of Alaska Department of Revenue, Boston Trust Walden Corp, Envestnet Asset Management Inc., North Star Investment Management Corp. and NuWave Investment Management 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 $99.73.
How big of a company is Northern Trust?
Northern Trust has a market capitalization of $21.43 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.
