Northern Trust Corp. (NTRS) Posts Quarterly Results
Northern Trust Corp. (NASDAQ:NTRS) issued its quarterly earnings data on Wednesday. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.03, AnalystRatings.Net reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion.
Several analysts have recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Northern Trust Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. On the ratings front, analysts at Sandler O’Neill cut their price target on shares of Northern Trust Corp. from $62.00 to $57.00 in a research note to investors on Thursday, October 3rd. They now have a “hold” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Northern Trust Corp. from $62.00 to $61.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Northern Trust Corp. currently has an average rating of “Hold” and an average price target of $57.00.
Northern Trust Corp. (NASDAQ:NTRS) opened at 54.48 on Wednesday. Northern Trust Corp. has a 1-year low of $45.98 and a 1-year high of $62.02. The stock’s 50-day moving average is $54.85 and its 200-day moving average is $56.42. The company has a market cap of $13.083 billion and a price-to-earnings ratio of 18.98.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.28%.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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