Northern Trust (NTRS) Announces Earnings Results

Northern Trust (NASDAQ:NTRS) issued its earnings results on Tuesday. The asset manager reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.16, reports. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $1.09 earnings per share. Northern Trust’s revenue was up 14.8% on a year-over-year basis.

Shares of NASDAQ:NTRS opened at $108.30 on Tuesday. Northern Trust has a 12 month low of $85.22 and a 12 month high of $110.81. The company has a market cap of $23,440.21, a P/E ratio of 22.05, a PEG ratio of 1.36 and a beta of 0.95. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 9th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, March 8th. This represents a $1.68 annualized dividend and a yield of 1.55%. Northern Trust’s payout ratio is 34.78%.

In other Northern Trust news, EVP Aileen B. Blake sold 3,000 shares of Northern Trust stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $105.32, for a total value of $315,960.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dean M. Harrison purchased 1,000 shares of the firm’s stock in a transaction on Saturday, December 15th. The stock was acquired at an average price of $72.98 per share, for a total transaction of $72,980.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 189,459 shares of company stock worth $20,188,431. 1.04% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Sandler O’Neill reaffirmed a “hold” rating and set a $105.00 price target on shares of Northern Trust in a report on Wednesday, January 10th. Deutsche Bank lifted their price target on Northern Trust from $109.00 to $111.00 and gave the company a “hold” rating in a report on Friday, April 6th. Wells Fargo set a $105.00 price target on Northern Trust and gave the company a “hold” rating in a report on Wednesday, December 20th. Royal Bank of Canada lifted their price target on Northern Trust to $110.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, BidaskClub cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $109.44.

ILLEGAL ACTIVITY WARNING: “Northern Trust (NTRS) Announces Earnings Results” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at

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.

Earnings History for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with's FREE daily email newsletter.

Leave a Reply