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, Briefing.com 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.

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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)

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