Northern Trust (NTRS) to Release Earnings on Tuesday

Northern Trust (NASDAQ:NTRSGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 26th. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Northern Trust (NASDAQ:NTRSGet Rating) last posted its quarterly earnings results on Thursday, January 20th. The asset manager reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.09. Northern Trust had a return on equity of 14.16% and a net margin of 23.82%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect Northern Trust to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of NTRS opened at $110.40 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.69 and a quick ratio of 0.69. Northern Trust has a one year low of $102.39 and a one year high of $135.15. The firm has a market capitalization of $22.96 billion, a P/E ratio of 15.48 and a beta of 1.12. The business has a fifty day moving average of $114.91 and a 200 day moving average of $118.88.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 10th. Northern Trust’s dividend payout ratio is presently 39.27%.

In other news, CFO Jason J. Tyler sold 1,936 shares of the company’s stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $115.60, for a total value of $223,801.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lauren E. Allnutt sold 393 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $105.61, for a total transaction of $41,504.73. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Several large investors have recently modified their holdings of the company. Boston Private Wealth LLC lifted its position in shares of Northern Trust by 4.4% in the 4th quarter. Boston Private Wealth LLC now owns 3,148 shares of the asset manager’s stock valued at $376,000 after acquiring an additional 132 shares in the last quarter. Mackenzie Financial Corp increased its stake in Northern Trust by 1.8% in the 4th quarter. Mackenzie Financial Corp now owns 19,339 shares of the asset manager’s stock valued at $2,313,000 after buying an additional 337 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Northern Trust during the 4th quarter worth $53,000. Comerica Bank increased its stake in shares of Northern Trust by 5.1% during the 4th quarter. Comerica Bank now owns 32,956 shares of the asset manager’s stock worth $3,803,000 after purchasing an additional 1,589 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Northern Trust by 45.1% during the 4th quarter. Squarepoint Ops LLC now owns 5,898 shares of the asset manager’s stock worth $705,000 after purchasing an additional 1,833 shares during the last quarter. 80.02% of the stock is owned by institutional investors.

NTRS has been the topic of several recent research reports. Seaport Res Ptn raised Northern Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 5th. StockNews.com began coverage on Northern Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised shares of Northern Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $152.00 in a research note on Monday, January 10th. The Goldman Sachs Group raised shares of Northern Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $128.00 to $141.00 in a research report on Wednesday, March 30th. Finally, Barclays boosted their target price on Northern Trust from $131.00 to $133.00 in a research report on Monday, January 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.00.

About Northern Trust (Get Rating)

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.

See Also

Earnings History for Northern Trust (NASDAQ:NTRS)

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