Northern Trust Q1 EPS Estimate Boosted by Seaport Res Ptn

Northern Trust Co. (NASDAQ:NTRS - Free Report) - Research analysts at Seaport Res Ptn lifted their Q1 2025 earnings per share estimates for shares of Northern Trust in a note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will post earnings per share of $1.93 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 - Get Free Report) last announced its earnings results on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) 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%.

Several other equities research analysts have also issued reports on the company. Evercore ISI dropped their price target on Northern Trust from $113.00 to $104.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. StockNews.com cut shares of Northern Trust from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of Northern Trust from $119.00 to $118.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Keefe, Bruyette & Woods lifted their target price on shares of Northern Trust from $113.00 to $122.00 and gave the stock a "market perform" rating in a research report on Friday, January 24th. Finally, Morgan Stanley cut their price target on shares of Northern Trust from $136.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.31.

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Northern Trust Price Performance

NASDAQ:NTRS traded up $5.54 during midday trading on Friday, hitting $89.99. The company had a trading volume of 725,057 shares, compared to its average volume of 1,243,367. Northern Trust has a 52-week low of $79.32 and a 52-week high of $114.67. The stock's fifty day moving average price is $103.99 and its 200-day moving average price is $102.94. The company has a market capitalization of $17.61 billion, a PE ratio of 9.27, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NTRS. Y.D. More Investments Ltd lifted its holdings in shares of Northern Trust by 118.4% during the fourth quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager's stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Colonial Trust Co SC raised its stake in Northern Trust by 6,400.0% during the fourth quarter. Colonial Trust Co SC now owns 260 shares of the asset manager's stock valued at $27,000 after buying an additional 256 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Northern Trust in the fourth quarter worth $33,000. Brooklyn Investment Group grew its stake in shares of Northern Trust by 51.2% in the fourth quarter. Brooklyn Investment Group now owns 378 shares of the asset manager's stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Northern Trust by 528.3% in the fourth quarter. Assetmark Inc. now owns 377 shares of the asset manager's stock worth $39,000 after acquiring an additional 317 shares during the last quarter. 83.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northern Trust

In other news, EVP Thomas A. South sold 3,804 shares of the firm's stock in a transaction that occurred 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 owns 81,794 shares in the company, valued at $9,242,722. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter Cherecwich sold 26,132 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $112.36, for a total value of $2,936,191.52. Following the completion of the sale, the chief operating officer now directly owns 26,586 shares in the company, valued at approximately $2,987,202.96. The trade was a 49.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,335 shares of company stock worth $3,970,211 over the last quarter. Corporate insiders own 0.77% of the company's stock.

Northern Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, March 14th. Northern Trust's payout ratio is 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.