Northern Trust (NTRS) Expected to Announce Quarterly Earnings on Tuesday

Northern Trust (NASDAQ:NTRS) is projected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.84 per share and revenue of $1.95 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. On average, analysts expect Northern Trust to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Northern Trust Stock Performance

Shares of NTRS opened at $88.29 on Monday. The stock has a 50-day moving average of $99.92 and a 200-day moving average of $102.91. Northern Trust has a one year low of $79.68 and a one year high of $114.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. The company has a market cap of $17.28 billion, a PE ratio of 9.03, a P/E/G ratio of 1.72 and a beta of 1.10.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.75 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.40%. Northern Trust’s dividend payout ratio (DPR) is presently 30.67%.

Insider Activity

In related news, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the completion of the transaction, the executive vice president now directly owns 17,236 shares of the company’s stock, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason J. Tyler sold 2,237 shares of Northern Trust stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $112.67, for a total value of $252,042.79. Following the completion of the transaction, the insider now owns 58,449 shares of the company’s stock, valued at approximately $6,585,448.83. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,335 shares of company stock valued at $3,970,211 in the last ninety days. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NTRS has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Citigroup reduced their price objective on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 24th. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Truist Financial cut their price target on Northern Trust from $116.00 to $98.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Finally, Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.08.

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.