Northern Trust (NASDAQ:NTRS) Issues Earnings Results

Northern Trust (NASDAQ:NTRS) posted its quarterly earnings data on Thursday. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.30, Zacks reports. Northern Trust had a return on equity of 12.75% and a net margin of 10.92%.

Northern Trust Stock Up 2.0 %

NTRS opened at $109.54 on Friday. The business’s 50-day simple moving average is $105.76 and its 200-day simple moving average is $96.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a one year low of $76.67 and a one year high of $111.87. The stock has a market capitalization of $21.71 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio (DPR) is currently 37.31%.

Insider Transactions at Northern Trust

In other news, EVP Thomas A. South sold 5,000 shares of Northern Trust stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the sale, the executive vice president now owns 49,756 shares in the company, valued at approximately $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Steven L. Fradkin sold 9,100 shares of Northern Trust stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $111.00, for a total value of $1,010,100.00. Following the sale, the insider now owns 47,797 shares in the company, valued at $5,305,467. This trade represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,253 shares of company stock worth $3,238,073. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on NTRS shares. Royal Bank of Canada increased their price objective on Northern Trust from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Morgan Stanley reduced their price objective on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, January 3rd. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Barclays increased their price objective on Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.58.

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.