Northern Trust (NTRS) Set to Announce Quarterly Earnings on Wednesday

Northern Trust (NASDAQ:NTRSGet Free Report) will announce its earnings results before the market opens on Wednesday, July 17th. Analysts expect the company to announce earnings of $1.73 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Northern Trust (NASDAQ:NTRSGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The asset manager reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.23. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. Northern Trust had a return on equity of 12.57% and a net margin of 7.59%. On average, analysts expect Northern Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Northern Trust Trading Up 1.2 %

Northern Trust stock opened at $83.93 on Wednesday. The stock has a market cap of $17.17 billion, a PE ratio of 18.53, a P/E/G ratio of 1.17 and a beta of 1.10. The stock has a 50-day moving average price of $83.66 and a 200 day moving average price of $83.13. Northern Trust has a 52 week low of $62.44 and a 52 week high of $89.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.57%. Northern Trust’s dividend payout ratio (DPR) is presently 66.23%.

Insider Transactions at Northern Trust

In related news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total value of $1,045,080.00. Following the sale, the insider now directly owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Steven L. Fradkin sold 4,097 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $82.56, for a total transaction of $338,248.32. Following the completion of the transaction, the insider now directly owns 46,078 shares in the company, valued at approximately $3,804,199.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Cherecwich sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $87.09, for a total value of $1,045,080.00. Following the transaction, the insider now owns 31,471 shares in the company, valued at $2,740,809.39. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NTRS shares. Jefferies Financial Group upped their target price on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America increased their price target on Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group reduced their target price on Northern Trust from $94.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Northern Trust from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, June 27th. Finally, Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $87.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.42.

Check Out Our Latest Report on NTRS

About Northern Trust

(Get Free Report)

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

See Also

Earnings History for Northern Trust (NASDAQ:NTRS)

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