Northern Trust Sets New 12-Month High at $68.50 (NTRS)
Shares of Northern Trust (NASDAQ:NTRS) reached a new 52-week high on Friday , Analyst Ratings Net reports. The company traded as high as $68.50 and last traded at $68.21, with a volume of 584,518 shares traded. The stock had previously closed at $67.99.
A number of research firms have recently commented on NTRS. Analysts at JPMorgan Chase & Co. upgraded shares of Northern Trust from an “underweight” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $67.00 price target on the stock, up previously from $59.50. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Northern Trust in a research note on Thursday, July 17th. They now have a $68.00 price target on the stock, up previously from $66.00. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $65.67.
The stock’s 50-day moving average is $65.95 and its 200-day moving average is $63.01. The company has a market cap of $16.133 billion and a P/E ratio of 22.37.
Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Northern Trust will post $3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, September 3rd.
Northern Trust Corporation 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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