Northern Trust Co. Expected to Post FY2017 Earnings of $4.71 Per Share (NTRS)

Northern Trust Co. (NASDAQ:NTRS) – Analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Northern Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Usdin now forecasts that the asset manager will post earnings per share of $4.71 for the year, down from their previous forecast of $4.72. Jefferies Group also issued estimates for Northern Trust’s Q4 2017 earnings at $1.31 EPS, FY2018 earnings at $6.25 EPS and FY2019 earnings at $6.80 EPS.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. Northern Trust’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share.

NTRS has been the topic of a number of other reports. Bank of America set a $102.00 target price on shares of Northern Trust and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley lifted their price target on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Wells Fargo & Co set a $105.00 price target on shares of Northern Trust and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, Citigroup reissued a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Northern Trust in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $100.20.

Shares of Northern Trust (NASDAQ NTRS) opened at $105.95 on Thursday. The firm has a market cap of $23,980.00, a P/E ratio of 23.39, a P/E/G ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.71 and a quick ratio of 0.71. Northern Trust has a one year low of $81.92 and a one year high of $106.31.

Institutional investors have recently modified their holdings of the company. Salem Investment Counselors Inc. grew its holdings in shares of Northern Trust by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock worth $105,000 after purchasing an additional 83 shares during the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Northern Trust in the second quarter worth approximately $134,000. Sun Life Financial INC grew its holdings in shares of Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock worth $154,000 after purchasing an additional 1,574 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Northern Trust in the second quarter worth approximately $205,000. Finally, Prudential PLC bought a new position in shares of Northern Trust in the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

In other news, insider Clair Joyce St sold 7,665 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $95.00, for a total value of $728,175.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jana R. Schreuder sold 18,489 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.20, for a total transaction of $1,834,108.80. The disclosure for this sale can be found here. Insiders have sold 323,382 shares of company stock worth $31,182,013 over the last three months. Insiders own 1.27% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 1st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Thursday, November 30th. Northern Trust’s dividend payout ratio (DPR) is presently 37.09%.

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Northern Trust 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 across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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