Brokerages expect that Northern Trust Co. (NASDAQ:NTRS) will announce earnings of $1.29 per share for the current quarter, Zacks reports. Four analysts have made estimates for Northern Trust’s earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.36. Northern Trust posted earnings of $1.11 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.2%. The business is scheduled to report its next quarterly 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 fiscal year, analysts forecast that the business will report earnings of $5.35 per share, with EPS estimates ranging from $5.07 to $5.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Northern Trust.

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

A number of research firms have recently commented on NTRS. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Buckingham Research increased their target price on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. UBS increased their target price on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Morgan Stanley increased their target price on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Citigroup reissued a “neutral” rating and issued a $92.00 target price (up from $90.00) on shares of Northern Trust in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Northern Trust currently has an average rating of “Hold” and an average price target of $97.07.

Northern Trust (NASDAQ:NTRS) traded up $1.26 during midday trading on Friday, hitting $97.85. The stock had a trading volume of 1,570,000 shares, compared to its average volume of 843,386. Northern Trust has a 52-week low of $81.92 and a 52-week high of $99.66. The stock has a market capitalization of $22,253.14, a PE ratio of 21.36, a P/E/G ratio of 2.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. Northern Trust’s dividend payout ratio (DPR) is presently 37.17%.

In related news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Frederick H. Waddell sold 177,964 shares of the stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $95.64, for a total value of $17,020,476.96. The disclosure for this sale can be found here. Insiders have sold 433,382 shares of company stock worth $41,304,013 over the last ninety days. 1.27% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its position in Northern Trust by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after purchasing an additional 83 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Northern Trust in the second quarter worth about $107,000. MPS Loria Financial Planners LLC purchased a new position in Northern Trust in the second quarter worth about $134,000. Bessemer Group Inc. boosted its position 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 purchasing an additional 211 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after purchasing an additional 1,574 shares during the last quarter. 81.75% of the stock is currently owned by institutional investors.

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

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