Northern Trust Co. (NTRS) Expected to Post Earnings of $1.40 Per Share

Brokerages predict that Northern Trust Co. (NASDAQ:NTRS) will post earnings of $1.40 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Northern Trust’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.32. Northern Trust posted earnings of $1.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 28.4%. The business is scheduled to report its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Northern Trust will report full year earnings of $6.11 per share for the current fiscal year, with EPS estimates ranging from $5.89 to $6.30. For the next financial year, analysts expect that the firm will post earnings of $6.76 per share, with EPS estimates ranging from $6.50 to $7.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Northern Trust.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. Northern Trust’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS.

Several brokerages have recently weighed in on NTRS. Sandler O’Neill restated a “hold” rating and issued a $105.00 price objective on shares of Northern Trust in a report on Wednesday, January 10th. Morgan Stanley raised their price objective on Northern Trust from $104.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Vining Sparks restated a “buy” rating and issued a $118.00 price objective on shares of Northern Trust in a report on Wednesday, January 24th. BidaskClub cut Northern Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Finally, Wells Fargo & Co set a $105.00 price target on Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $104.81.

In other news, EVP Wilson Leech sold 8,958 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $106.17, for a total transaction of $951,070.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William L. Morrison sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $105.08, for a total value of $2,101,600.00. The disclosure for this sale can be found here. Insiders have sold 225,553 shares of company stock valued at $22,734,528 in the last quarter. 1.27% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NTRS. Macquarie Group Ltd. boosted its holdings in shares of Northern Trust by 393.3% during the second quarter. Macquarie Group Ltd. now owns 7,400 shares of the asset manager’s stock worth $719,000 after acquiring an additional 5,900 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Northern Trust by 187.4% during the third quarter. Shell Asset Management Co. now owns 34,698 shares of the asset manager’s stock worth $2,361,000 after acquiring an additional 22,624 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Northern Trust by 45.2% during the third quarter. APG Asset Management N.V. now owns 173,104 shares of the asset manager’s stock worth $15,913,000 after acquiring an additional 53,900 shares during the period. Personal Capital Advisors Corp boosted its holdings in shares of Northern Trust by 4.1% during the third quarter. Personal Capital Advisors Corp now owns 204,704 shares of the asset manager’s stock worth $18,818,000 after acquiring an additional 7,984 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Northern Trust by 2.4% during the third quarter. Xact Kapitalforvaltning AB now owns 29,524 shares of the asset manager’s stock worth $2,714,000 after acquiring an additional 693 shares during the period. Institutional investors own 81.05% of the company’s stock.

Shares of Northern Trust (NASDAQ NTRS) traded down $1.26 during midday trading on Thursday, hitting $104.12. The stock had a trading volume of 1,245,930 shares, compared to its average volume of 1,330,000. The company has a market cap of $23,680.00, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a 12 month low of $83.17 and a 12 month high of $108.91.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, March 8th. Northern Trust’s payout ratio is currently 35.82%.

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Northern Trust Company Profile

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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