Equities research analysts expect Northern Trust Co. (NASDAQ:NTRS) to announce earnings of $1.39 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Northern Trust’s earnings. The lowest EPS estimate is $1.33 and the highest is $1.47. Northern Trust posted earnings of $1.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Northern Trust will report full-year earnings of $6.10 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $6.30. For the next year, analysts forecast that the business will report earnings of $6.72 per share, with EPS estimates ranging from $6.43 to $7.05. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Northern Trust.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $1.11 earnings per share. Northern Trust’s quarterly revenue was up 15.6% on a year-over-year basis.
In other news, EVP Aileen B. Blake sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $105.32, for a total transaction of $315,960.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Stephen N. Potter sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $106.14, for a total value of $1,061,400.00. The disclosure for this sale can be found here. Insiders sold a total of 184,650 shares of company stock worth $19,659,480 in the last ninety days. 1.27% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of Northern Trust by 11.0% during the 3rd quarter. Toronto Dominion Bank now owns 81,627 shares of the asset manager’s stock worth $7,502,000 after purchasing an additional 8,120 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Northern Trust by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 973,397 shares of the asset manager’s stock worth $89,484,000 after purchasing an additional 12,322 shares during the last quarter. Aurora Investment Counsel acquired a new position in shares of Northern Trust during the 4th quarter worth approximately $2,161,000. SG Americas Securities LLC raised its position in shares of Northern Trust by 127.7% during the 4th quarter. SG Americas Securities LLC now owns 50,447 shares of the asset manager’s stock worth $5,039,000 after purchasing an additional 28,291 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Northern Trust by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,106,085 shares of the asset manager’s stock worth $210,376,000 after purchasing an additional 160,702 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors and hedge funds.
Northern Trust (NASDAQ:NTRS) traded up $2.93 during trading on Friday, reaching $110.70. The company’s stock had a trading volume of 1,215,408 shares, compared to its average volume of 1,146,128. Northern Trust has a one year low of $83.17 and a one year high of $110.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $25,054.29, a PE ratio of 22.50, a PEG ratio of 1.45 and a beta of 0.95.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is presently 34.15%.
Northern Trust Company Profile
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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