Northern Trust (NTRS) to Release Quarterly Earnings on Tuesday

Northern Trust (NASDAQ:NTRS - Get Free Report) is expected to announce its earnings results 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. Parties that are interested in participating in the company's conference call can do so using this link.

Northern Trust (NASDAQ:NTRS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates 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 Trading Up 1.0 %

NTRS traded up $0.86 on Friday, hitting $88.29. The company had a trading volume of 1,463,261 shares, compared to its average volume of 1,254,028. Northern Trust has a 12-month low of $79.68 and a 12-month high of $114.67. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business's fifty day simple moving average is $100.36 and its 200 day simple moving average is $102.72. The company has a market cap of $17.28 billion, a PE ratio of 9.03, a PEG 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, March 14th. Northern Trust's payout ratio is 30.67%.

Insider Activity

In other Northern Trust news, insider Jason J. Tyler sold 2,237 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $112.67, for a total transaction of $252,042.79. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. South sold 3,804 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NTRS. Barclays raised their target price on shares of Northern Trust from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Citigroup dropped their target price on Northern Trust from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Wells Fargo & Company reduced their price target on Northern Trust from $119.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Royal Bank of Canada boosted their price objective on Northern Trust from $107.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Truist Financial reduced their target price on Northern Trust from $116.00 to $98.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, ten have issued 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 $112.31.

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.