$1.96 EPS Expected for Northern Trust Co. (NASDAQ:NTRS) This Quarter

Wall Street analysts expect Northern Trust Co. (NASDAQ:NTRS – Get Rating) to report earnings of $1.96 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Northern Trust’s earnings, with the highest EPS estimate coming in at $2.07 and the lowest estimate coming in at $1.78. Northern Trust reported earnings of $1.72 per share in the same quarter last year, which indicates a positive year over year growth rate of 14%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Northern Trust will report full year earnings of $7.90 per share for the current fiscal year, with EPS estimates ranging from $7.07 to $8.25. For the next fiscal year, analysts forecast that the company will report earnings of $9.04 per share, with EPS estimates ranging from $8.07 to $9.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Northern Trust.

Northern Trust (NASDAQ:NTRS – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The asset manager reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.13. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Northern Trust had a return on equity of 14.30% and a net margin of 23.57%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS.

A number of research analysts have recently issued reports on NTRS shares. Morgan Stanley dropped their price objective on Northern Trust from $135.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Monday, March 28th. The Goldman Sachs Group raised Northern Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $128.00 to $141.00 in a report on Wednesday, March 30th. Keefe, Bruyette & Woods raised Northern Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $152.00 in a report on Monday, January 10th. StockNews.com began coverage on Northern Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Citigroup lowered their price objective on Northern Trust from $140.00 to $130.00 in a research report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $129.75.

In related news, EVP Lauren E. Allnutt sold 393 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $105.61, for a total transaction of $41,504.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management LLC lifted its holdings in Northern Trust by 180.1% during the 3rd quarter. Balyasny Asset Management LLC now owns 568,161 shares of the asset manager’s stock worth $61,253,000 after buying an additional 365,283 shares in the last quarter. Wealthfront Advisers LLC grew its position in Northern Trust by 184.6% during the 4th quarter. Wealthfront Advisers LLC now owns 29,292 shares of the asset manager’s stock worth $3,503,000 after purchasing an additional 18,999 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Northern Trust by 9.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 2,149 shares of the asset manager’s stock worth $232,000 after purchasing an additional 188 shares during the last quarter. Fractal Investments LLC purchased a new position in Northern Trust during the 4th quarter worth $365,000. Finally, Korea Investment CORP grew its position in Northern Trust by 68.8% during the 4th quarter. Korea Investment CORP now owns 79,500 shares of the asset manager’s stock worth $9,509,000 after purchasing an additional 32,400 shares during the last quarter. 81.35% of the stock is owned by institutional investors.

NTRS stock traded down $1.30 during midday trading on Friday, reaching $105.35. 678,273 shares of the stock were exchanged, compared to its average volume of 803,910. The company has a fifty day moving average price of $111.42 and a 200 day moving average price of $118.02. Northern Trust has a 52 week low of $102.28 and a 52 week high of $135.15. The stock has a market capitalization of $21.95 billion, a PE ratio of 14.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.68 and a quick ratio of 0.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $2.80 annualized dividend and a yield of 2.66%. Northern Trust’s dividend payout ratio (DPR) is 38.89%.

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.

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