Analysts Anticipate Northern Trust Co. (NTRS) Will Post Earnings of $1.29 Per Share

Equities research analysts expect Northern Trust Co. (NASDAQ:NTRS) to report earnings per share (EPS) of $1.29 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Northern Trust’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.24. Northern Trust reported earnings of $1.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The company is scheduled to report its next earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that Northern Trust will report full-year earnings of $4.68 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $4.72. For the next year, analysts anticipate that the firm will post earnings of $5.37 per share, with EPS estimates ranging from $5.07 to $5.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Northern Trust.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $1.11 earnings per share. Northern Trust’s revenue was up 11.2% compared to the same quarter last year.

NTRS has been the subject of several research analyst reports. UBS increased their target price on shares of Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Northern Trust from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday. Bank of America set a $102.00 target price on shares of Northern Trust and gave the stock a “buy” rating in a research note on Thursday, October 19th. Wells Fargo & Company set a $105.00 target price on shares of Northern Trust and gave the stock a “hold” rating in a research note on Wednesday. Finally, Buckingham Research increased their target price on shares of Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $98.14.

In related news, Vice Chairman William L. Morrison sold 11,058 shares of Northern Trust stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total value of $1,043,211.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aileen B. Blake sold 1,000 shares of Northern Trust stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 433,382 shares of company stock valued at $41,304,013. Insiders own 1.27% of the company’s stock.

A number of institutional investors have recently modified their holdings of NTRS. Bessemer Group Inc. lifted its stake in Northern Trust by 16.9% in the second quarter. Bessemer Group Inc. now owns 1,461 shares of the asset manager’s stock worth $143,000 after acquiring an additional 211 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Northern Trust by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 675,307 shares of the asset manager’s stock worth $65,647,000 after acquiring an additional 26,164 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Northern Trust by 49.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 24,856 shares of the asset manager’s stock worth $2,488,000 after acquiring an additional 8,243 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Northern Trust in the second quarter worth approximately $209,000. Finally, Dupont Capital Management Corp acquired a new stake in Northern Trust during the second quarter worth approximately $107,000. Institutional investors own 81.69% of the company’s stock.

Northern Trust (NTRS) traded down $0.57 during trading on Friday, reaching $98.02. 1,220,500 shares of the company traded hands, compared to its average volume of 1,136,100. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $22,421.45, a PE ratio of 21.53, a P/E/G ratio of 2.10 and a beta of 0.96. Northern Trust has a 52-week low of $81.92 and a 52-week high of $99.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, November 30th. Northern Trust’s payout ratio is 37.17%.

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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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Earnings History and Estimates for Northern Trust (NASDAQ:NTRS)

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