News articles about Northern Trust Corporation (NASDAQ:NTRS) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northern Trust Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.3263998024983 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Northern Trust : to Provide Investment Advisory Services to Texas Parks and Wildlife Foundation (4-traders.com)
- Northern Trust to Provide Investment Advisory Services to Texas Parks and Wildlife Foundation (finance.yahoo.com)
- Northern Trust Corporation (NTRS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Worth Watching Stocks: Northern Trust Corporation, (NASDAQ: NTRS), Celsion Corporation, (NASDAQ: CLSN), United … – Stocks In The News (press release) (tradingnewsnow.com)
- Northern Trust Corporation (NTRS) & Bank Of New York Mellon Corporation (The) (BK) Critical Comparison (americanbankingnews.com)
NTRS has been the topic of several research reports. Wells Fargo & Company began coverage on shares of Northern Trust Corporation in a report on Wednesday, August 9th. They issued a “market perform” rating and a $90.00 price target on the stock. BidaskClub lowered Northern Trust Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. UBS AG increased their target price on Northern Trust Corporation from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research lowered Northern Trust Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley raised their price objective on Northern Trust Corporation from $83.00 to $91.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Northern Trust Corporation has an average rating of “Hold” and a consensus price target of $97.07.
Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. sell-side analysts anticipate that Northern Trust Corporation will post 4.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust Corporation’s payout ratio is 37.17%.
In other Northern Trust Corporation news, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Frederick H. Waddell sold 100,000 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total value of $9,200,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,268 shares of company stock valued at $30,498,464. 1.27% of the stock is owned by company insiders.
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About Northern Trust Corporation
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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