FY2024 Earnings Estimate for Northern Trust Co. (NASDAQ:NTRS) Issued By Seaport Res Ptn

Northern Trust Co. (NASDAQ:NTRS) – Research analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for Northern Trust in a report released on Thursday, April 18th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will post earnings per share of $6.65 for the year, up from their previous estimate of $6.55. The consensus estimate for Northern Trust’s current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for Northern Trust’s Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.76 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $6.85 EPS.

A number of other research analysts have also recently weighed in on NTRS. TheStreet raised shares of Northern Trust from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. Barclays lifted their price target on shares of Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Morgan Stanley reissued an “underweight” rating and set a $86.00 target price (up from $82.00) on shares of Northern Trust in a research report on Tuesday, January 30th. Wolfe Research cut shares of Northern Trust from a “peer perform” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research report on Wednesday, January 3rd. Finally, Bank of America boosted their target price on shares of Northern Trust from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.92.

Northern Trust Trading Up 0.0 %

Shares of NTRS stock opened at $81.45 on Friday. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. Northern Trust has a fifty-two week low of $62.44 and a fifty-two week high of $89.25. The firm’s 50 day moving average price is $83.26 and its two-hundred day moving average price is $78.93.

Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings results on Thursday, January 18th. The asset manager reported $0.52 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.81). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 EPS.

Hedge Funds Weigh In On Northern Trust

Several institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its position in shares of Northern Trust by 3.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,425 shares of the asset manager’s stock worth $306,000 after acquiring an additional 123 shares during the last quarter. Ballast Inc. grew its position in Northern Trust by 1.1% in the 4th quarter. Ballast Inc. now owns 12,208 shares of the asset manager’s stock valued at $1,030,000 after buying an additional 136 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Northern Trust by 2.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,768 shares of the asset manager’s stock valued at $428,000 after buying an additional 140 shares in the last quarter. Vontobel Holding Ltd. grew its position in Northern Trust by 2.4% in the 1st quarter. Vontobel Holding Ltd. now owns 5,921 shares of the asset manager’s stock valued at $715,000 after buying an additional 140 shares in the last quarter. Finally, Mather Group LLC. grew its position in Northern Trust by 3.6% in the 4th quarter. Mather Group LLC. now owns 4,271 shares of the asset manager’s stock valued at $360,000 after buying an additional 147 shares in the last quarter. Institutional investors own 83.19% of the company’s stock.

Insider Buying and Selling at Northern Trust

In other news, insider Steven L. Fradkin sold 30,392 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $80.11, for a total transaction of $2,434,703.12. Following the completion of the transaction, the insider now owns 55,707 shares in the company, valued at $4,462,687.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is owned by insiders.

Northern Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 3.68%. Northern Trust’s payout ratio is 66.23%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.