Seaport Res Ptn Lifts Earnings Estimates for Northern Trust

Northern Trust Co. (NASDAQ:NTRS) – Seaport Res Ptn boosted their Q1 2025 earnings estimates for shares of Northern Trust in a report released on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $1.93 per share for the quarter, up from their prior estimate of $1.87. The consensus estimate for Northern Trust’s current full-year earnings is $8.27 per share. Seaport Res Ptn also issued estimates for Northern Trust’s Q1 2025 earnings at $1.93 EPS, Q4 2026 earnings at $2.39 EPS and Q4 2026 earnings at $2.39 EPS.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results 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%.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays boosted their price objective on shares of Northern Trust from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Citigroup dropped their target price on shares of Northern Trust from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Truist Financial reduced their price target on shares of Northern Trust from $116.00 to $98.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Evercore ISI lowered their price objective on shares of Northern Trust from $113.00 to $104.00 and set an “in-line” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Northern Trust currently has an average rating of “Hold” and an average target price of $112.31.

Northern Trust Stock Down 5.0 %

NASDAQ NTRS opened at $86.01 on Friday. The business’s 50-day moving average is $105.63 and its 200 day moving average is $102.99. The stock has a market capitalization of $16.83 billion, a PE ratio of 8.79, a PEG ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71. Northern Trust has a 1 year low of $79.32 and a 1 year high of $114.67.

Institutional Trading of Northern Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd increased its holdings in Northern Trust by 118.4% in the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Northern Trust by 6,400.0% in the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after acquiring an additional 256 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Northern Trust during the fourth quarter valued at approximately $33,000. Brooklyn Investment Group raised its holdings in shares of Northern Trust by 51.2% during the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Northern Trust by 528.3% during the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 317 shares during the period. Institutional investors own 83.19% of the company’s stock.

Insider Transactions at Northern Trust

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of Northern Trust stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $113.00, for a total value of $429,852.00. Following the completion of the transaction, the executive vice president now directly owns 81,794 shares of the company’s stock, valued at approximately $9,242,722. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jane Karpinski sold 2,262 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $111.33, for a total transaction of $251,828.46. Following the sale, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. The trade was a 11.60 % decrease in their position. 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 quarter. 0.77% of the stock is owned by insiders.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.49%. Northern Trust’s payout ratio is presently 30.67%.

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.