Northern Trust (NTRS) to Release Quarterly Earnings on Thursday

Northern Trust (NASDAQ:NTRS) will likely be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Northern Trust to post earnings of $1.96 per share and revenue of $1,932,920.25 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Northern Trust Stock Up 0.8 %

Northern Trust stock opened at $107.75 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. Northern Trust has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The stock’s fifty day moving average is $105.73 and its two-hundred day moving average is $96.05.

Analyst Ratings Changes

NTRS has been the topic of a number of analyst reports. 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. Keefe, Bruyette & Woods increased their target price on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Bank of America raised their price objective on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, StockNews.com downgraded Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Northern Trust currently has a consensus rating of “Hold” and an average price target of $107.17.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider Teresa Parker sold 4,439 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.86, for a total transaction of $447,717.54. Following the completion of the sale, the insider now owns 79,326 shares in the company, valued at $8,000,820.36. This trade represents a 5.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the sale, the insider now owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. This trade represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,151 shares of company stock worth $8,489,889 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

About Northern Trust

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.