Wall Street analysts expect that Northern Trust Co. (NASDAQ:NTRS) will report earnings per share of $1.39 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Northern Trust’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.33. 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 27.5%. The business is expected to issue its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Northern Trust will report full-year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $5.85 to $6.30. For the next financial year, analysts forecast that the business will post earnings of $6.72 per share, with EPS estimates ranging from $6.43 to $7.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Northern Trust.
Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $1.44 billion for 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%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS.
In other Northern Trust news, COO Jana R. Schreuder sold 4,807 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $110.00, for a total transaction of $528,770.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert P. Browne sold 6,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $106.79, for a total value of $640,740.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,457 shares of company stock worth $20,188,250. 1.04% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. lifted its stake in shares of Northern Trust by 15.9% during the 4th quarter. Raymond James Trust N.A. now owns 3,629 shares of the asset manager’s stock worth $362,000 after purchasing an additional 498 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Northern Trust by 18.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,232 shares of the asset manager’s stock worth $322,000 after purchasing an additional 500 shares during the period. OLD National Bancorp IN lifted its stake in shares of Northern Trust by 7.7% during the 4th quarter. OLD National Bancorp IN now owns 7,010 shares of the asset manager’s stock worth $701,000 after purchasing an additional 500 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of Northern Trust by 0.9% during the 4th quarter. Standard Life Aberdeen plc now owns 56,584 shares of the asset manager’s stock worth $5,653,000 after purchasing an additional 515 shares during the period. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Northern Trust by 30.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 2,324 shares of the asset manager’s stock worth $232,000 after purchasing an additional 545 shares during the period. 79.49% of the stock is currently owned by institutional investors.
Northern Trust (NASDAQ:NTRS) traded up $1.86 on Friday, hitting $107.96. The company had a trading volume of 397,886 shares, compared to its average volume of 1,210,999. The firm has a market cap of $24,300.00, a PE ratio of 22.78, a P/E/G ratio of 1.40 and a beta of 0.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. Northern Trust has a 1-year low of $83.17 and a 1-year high of $110.81.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, March 8th. Northern Trust’s payout ratio is currently 35.82%.
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About Northern Trust
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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