Brokerages Anticipate Northern Trust Co. (NTRS) Will Announce Quarterly Sales of $1.41 Billion

Wall Street analysts expect Northern Trust Co. (NASDAQ:NTRS) to post $1.41 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Northern Trust’s earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.39 billion. Northern Trust posted sales of $1.24 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The firm is expected to announce its next earnings report before the market opens on Wednesday, January 24th.

On average, analysts expect that Northern Trust will report full year sales of $1.41 billion for the current year, with estimates ranging from $5.34 billion to $5.40 billion. For the next financial year, analysts expect that the company will report sales of $5.84 billion per share, with estimates ranging from $5.77 billion to $5.89 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Northern Trust.

NTRS has been the topic of a number of research analyst reports. Zacks Investment Research raised Northern Trust from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Citigroup reissued a “neutral” rating and issued a $92.00 target price (up previously from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. UBS Group boosted their target price on Northern Trust from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Buckingham Research boosted their target price on Northern Trust from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley boosted their target price on Northern Trust from $83.00 to $91.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $100.20.

Shares of Northern Trust (NTRS) traded up $1.11 during midday trading on Monday, reaching $106.49. The company’s stock had a trading volume of 1,125,300 shares, compared to its average volume of 1,002,508. The stock has a market capitalization of $24,220.00, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. Northern Trust has a 52 week low of $81.92 and a 52 week high of $108.04.

In other Northern Trust news, COO Jana R. Schreuder sold 18,489 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.20, for a total value of $1,834,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William L. Morrison sold 11,058 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $94.34, for a total transaction of $1,043,211.72. The disclosure for this sale can be found here. Insiders sold 137,753 shares of company stock worth $13,433,361 in the last three months. 1.27% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. boosted its stake in shares of Northern Trust by 8.3% during the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after buying an additional 83 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in shares of Northern Trust during the second quarter worth about $134,000. Sun Life Financial INC boosted its stake in shares of Northern Trust by 15,740.0% during the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after buying an additional 1,574 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Northern Trust during the second quarter worth about $205,000. Finally, Prudential PLC acquired a new stake in shares of Northern Trust during the second quarter worth about $207,000. Institutional investors own 81.47% of the company’s stock.

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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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