Northern Trust (NASDAQ:NTRS) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Northern Trust (NASDAQ:NTRS - Get Free Report) issued its quarterly earnings data on Tuesday. The asset manager reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.05, Zacks reports. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion.

Northern Trust Stock Down 0.7 %

Shares of Northern Trust stock traded down $0.67 during midday trading on Friday, hitting $91.73. The company had a trading volume of 87,345 shares, compared to its average volume of 1,249,054. The company has a 50 day moving average of $98.24 and a 200 day moving average of $102.72. The stock has a market capitalization of $17.95 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.72 and a beta of 1.10. Northern Trust has a 52-week low of $79.68 and a 52-week high of $114.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.68.

Northern Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a dividend yield of 3.27%. Northern Trust's payout ratio is 27.99%.

Insiders Place Their Bets

In other Northern Trust news, EVP Thomas A. South sold 3,804 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $113.00, for a total transaction of $429,852.00. Following the sale, the executive vice president now directly owns 81,794 shares in the company, valued at approximately $9,242,722. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jane Karpinski sold 2,262 shares of the business's stock in a transaction on Monday, February 3rd. The stock was 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 owns 17,236 shares of the company's stock, valued at $1,918,883.88. This represents a 11.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,335 shares of company stock valued at $3,970,211. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NTRS. Bank of America cut their price objective on Northern Trust from $123.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Citigroup cut 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. StockNews.com lowered Northern Trust from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on shares of Northern Trust from $118.00 to $111.00 and set an "equal weight" rating for the company in a report on Wednesday. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.83.

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.