Northern Trust (NTRS) Expected to Announce Earnings on Thursday

Northern Trust (NASDAQ:NTRS) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.96 per share and revenue of $1,932,920.25 billion for the quarter.

Northern Trust Stock Up 4.4 %

Northern Trust stock opened at $106.12 on Thursday. Northern Trust has a fifty-two week low of $76.67 and a fifty-two week high of $111.87. The firm has a market capitalization of $21.03 billion, a PE ratio of 13.20, a P/E/G ratio of 1.18 and a beta of 1.08. The company’s 50-day moving average is $105.68 and its 200-day moving average is $95.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Northern Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 2.83%. Northern Trust’s dividend payout ratio is 37.31%.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.26, for a total value of $2,002,762.10. Following the transaction, the executive vice president now directly owns 17,132 shares of the company’s stock, valued at $1,751,918.32. This trade represents a 53.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Cherecwich sold 16,153 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $105.18, for a total transaction of $1,698,972.54. Following the sale, the chief operating officer now directly owns 4,397 shares of the company’s stock, valued at approximately $462,476.46. This trade represents a 78.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,151 shares of company stock valued at $8,489,889 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NTRS. UBS Group lifted their target price on Northern Trust from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their price objective on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley cut their target price on shares of Northern Trust from $127.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, January 3rd. StockNews.com lowered shares of Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial began coverage on shares of Northern Trust in a report on Tuesday, January 7th. They issued a “hold” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus target price of $107.17.

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.