Northern Trust Corp. (NASDAQ:NTRS) declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Friday, December 2nd will be given a dividend of 0.38 per share on Sunday, January 1st. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 30th.
Northern Trust Corp. (NASDAQ:NTRS) opened at 82.02 on Friday. The stock has a 50 day moving average of $74.53 and a 200 day moving average of $70.29. The company has a market capitalization of $18.57 billion, a PE ratio of 19.54 and a beta of 1.02. Northern Trust Corp. has a 12-month low of $54.38 and a 12-month high of $83.09.
Northern Trust Corp. (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, October 19th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. Northern Trust Corp.’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. On average, equities research analysts predict that Northern Trust Corp. will post $4.28 EPS for the current year.
In other news, insider Clair Joyce St sold 50,010 shares of Northern Trust Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $70.04, for a total transaction of $3,502,700.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Biff Bowman sold 2,960 shares of Northern Trust Corp. stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $70.00, for a total transaction of $207,200.00. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Northern Trust Corp. by 21.1% in the third quarter. Ameritas Investment Partners Inc. now owns 5,692 shares of the company’s stock valued at $386,000 after buying an additional 991 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Northern Trust Corp. during the third quarter valued at approximately $211,000. Jane Street Group LLC acquired a new stake in shares of Northern Trust Corp. during the third quarter valued at approximately $367,000. Highbridge Capital Management LLC acquired a new stake in shares of Northern Trust Corp. during the third quarter valued at approximately $200,000. Finally, Profund Advisors LLC boosted its stake in shares of Northern Trust Corp. by 3.4% in the third quarter. Profund Advisors LLC now owns 5,509 shares of the company’s stock valued at $375,000 after buying an additional 179 shares in the last quarter. Institutional investors own 81.31% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Wednesday, October 5th. Credit Suisse Group AG assumed coverage on shares of Northern Trust Corp. in a report on Tuesday. They set a “neutral” rating and a $71.00 price objective for the company. Deutsche Bank AG raised their price objective on shares of Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, September 9th. Jefferies Group reaffirmed a “hold” rating and set a $77.00 price objective on shares of Northern Trust Corp. in a report on Monday, October 10th. Finally, raised their price objective on shares of Northern Trust Corp. from $70.00 to $73.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.65.
Northern Trust Corp. Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company’s segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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