Analysts forecast that Northern Trust Co. (NASDAQ:NTRS) will report $1.76 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Northern Trust’s earnings. The highest EPS estimate is $1.91 and the lowest is $1.69. Northern Trust posted earnings per share of $1.82 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.3%. The business is expected to issue its next quarterly earnings report on Wednesday, January 22nd.
On average, analysts expect that Northern Trust will report full year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.71. For the next year, analysts expect that the firm will post earnings of $7.13 per share, with EPS estimates ranging from $6.90 to $7.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Northern Trust.
Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. Northern Trust’s revenue for the quarter was up 4.1% on a year-over-year basis.
Shares of NASDAQ:NTRS opened at $108.30 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a fifty day moving average price of $105.44 and a 200 day moving average price of $94.39. Northern Trust has a fifty-two week low of $75.96 and a fifty-two week high of $109.82. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.75 and a beta of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 12th. Northern Trust’s payout ratio is 41.60%.
In other news, EVP Thomas A. South sold 1,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $98.54, for a total value of $98,540.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert P. Browne sold 10,680 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.56, for a total transaction of $1,084,660.80. The disclosure for this sale can be found here. In the last three months, insiders sold 55,234 shares of company stock worth $5,771,074. Insiders own 1.15% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NTRS. Litman Gregory Asset Management LLC purchased a new stake in shares of Northern Trust during the second quarter worth approximately $25,000. Kavar Capital Partners LLC acquired a new position in Northern Trust during the second quarter valued at $32,000. Oakworth Capital Inc. acquired a new position in Northern Trust during the second quarter valued at $34,000. Smith Asset Management Group LP raised its position in Northern Trust by 90.0% during the second quarter. Smith Asset Management Group LP now owns 380 shares of the asset manager’s stock valued at $34,000 after buying an additional 180 shares during the period. Finally, CSat Investment Advisory L.P. raised its position in Northern Trust by 252.7% during the second quarter. CSat Investment Advisory L.P. now owns 582 shares of the asset manager’s stock valued at $52,000 after buying an additional 417 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.
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, Corporate & Institutional Services (C&IS) and Wealth Management.
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