Northern Trust (NTRS) to Release Earnings on Wednesday

Northern Trust (NASDAQ:NTRS - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Northern Trust (NASDAQ:NTRS - Get Free Report) last issued its earnings results on Wednesday, July 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.03. The business had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $1.84 billion. Northern Trust had a net margin of 10.53% and a return on equity of 12.24%. The business's revenue for the quarter was up 53.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. On average, analysts expect Northern Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Northern Trust Stock Up 2.4 %

Northern Trust stock traded up $2.26 during trading hours on Wednesday, hitting $96.64. The stock had a trading volume of 1,433,760 shares, compared to its average volume of 1,300,204. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $19.77 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Northern Trust has a 12-month low of $62.44 and a 12-month high of $97.08. The stock's 50-day moving average price is $88.87 and its 200-day moving average price is $86.11.

Insider Activity

In related news, Director Charles A. Tribbett sold 1,855 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the sale, the director now owns 1,000 shares in the company, valued at approximately $88,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Charles A. Tribbett sold 1,855 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $88,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Parker sold 5,883 shares of Northern Trust stock in a transaction on Friday, August 9th. The shares were sold at an average price of $84.06, for a total transaction of $494,524.98. Following the completion of the sale, the executive vice president now owns 83,765 shares in the company, valued at approximately $7,041,285.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,738 shares of company stock worth $1,191,388 over the last ninety days. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. The Goldman Sachs Group cut shares of Northern Trust from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $84.00 to $82.00 in a report on Thursday, September 26th. Morgan Stanley boosted their price objective on shares of Northern Trust from $93.00 to $97.00 and gave the company an "underweight" rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Northern Trust from $84.00 to $94.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Northern Trust from $86.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $90.42.

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.