Analysts expect that Northern Trust Co. (NASDAQ:NTRS) will report earnings of $1.69 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Northern Trust’s earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.65. Northern Trust posted earnings of $1.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 25.2%. The firm is expected to announce its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Northern Trust will report full year earnings of $6.54 per share for the current financial year, with EPS estimates ranging from $6.47 to $6.60. For the next year, analysts expect that the company will post earnings of $7.03 per share, with EPS estimates ranging from $6.73 to $7.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Northern Trust.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. Northern Trust’s revenue for the quarter was up 9.4% on a year-over-year basis.
A number of equities analysts recently issued reports on NTRS shares. UBS Group increased their target price on Northern Trust from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, October 8th. Sandler O’Neill upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Thursday, October 18th. Deutsche Bank upgraded Northern Trust from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Thursday, October 18th. Zacks Investment Research cut Northern Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, BidaskClub upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.41.
Shares of NTRS opened at $88.93 on Friday. Northern Trust has a 12-month low of $87.98 and a 12-month high of $115.61. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $20.89 billion, a P/E ratio of 18.41, a PEG ratio of 1.21 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, December 13th. Northern Trust’s dividend payout ratio (DPR) is presently 45.55%.
A number of large investors have recently modified their holdings of the business. Rehmann Capital Advisory Group lifted its stake in Northern Trust by 161.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 473 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 292 shares in the last quarter. Hexavest Inc. lifted its stake in Northern Trust by 26.6% during the 3rd quarter. Hexavest Inc. now owns 2,319 shares of the asset manager’s stock valued at $237,000 after acquiring an additional 487 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC raised its stake in shares of Northern Trust by 3.5% during the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 15,645 shares of the asset manager’s stock worth $1,598,000 after purchasing an additional 523 shares during the period. World Asset Management Inc raised its stake in shares of Northern Trust by 4.0% during the 3rd quarter. World Asset Management Inc now owns 13,870 shares of the asset manager’s stock worth $1,417,000 after purchasing an additional 539 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of Northern Trust by 16.3% during the 3rd quarter. Raymond James Trust N.A. now owns 4,040 shares of the asset manager’s stock worth $413,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 79.12% of the company’s stock.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.
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