Northern Trust Corp. (NTRS) Announces Quarterly Results
Northern Trust Corp. (NASDAQ:NTRS) announced its earnings results on Wednesday. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.25, AnalystRatingsNetwork.com reports.
A number of analysts have recently weighed in on NTRS shares. Analysts at Raymond James raised their price target on shares of Northern Trust Corp. to $66.00 in a research note to investors on Tuesday, January 14th. On the ratings front, analysts at Portales Partners initiated coverage on shares of Northern Trust Corp. in a research note to investors on Friday, January 10th. They set an “underperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Northern Trust Corp. from $60.00 to $64.00 in a research note to investors on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.82.
In other Northern Trust Corp. news, EVP Jeffrey Cohodes unloaded 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $61.04, for a total value of $610,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,193 shares of the company’s stock, valued at approximately $1,354,661. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 60.61 on Wednesday. Northern Trust Corp. has a 52-week low of $50.13 and a 52-week high of $62.38. The stock’s 50-day moving average is $60.00 and its 200-day moving average is $57.64. The company has a market cap of $14.485 billion and a P/E ratio of 20.37.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of 0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.05%.
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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