$1.52 Billion in Sales Expected for Northern Trust Co. (NASDAQ:NTRS) This Quarter

Equities analysts predict that Northern Trust Co. (NASDAQ:NTRS) will announce sales of $1.52 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Northern Trust’s earnings, with estimates ranging from $1.50 billion to $1.53 billion. Northern Trust posted sales of $1.59 billion in the same quarter last year, which would indicate a negative year over year growth rate of 4.4%. The company is expected to issue its next earnings report on Tuesday, April 20th.

On average, analysts expect that Northern Trust will report full-year sales of $6.19 billion for the current financial year, with estimates ranging from $6.11 billion to $6.29 billion. For the next financial year, analysts expect that the business will report sales of $6.39 billion, with estimates ranging from $6.20 billion to $6.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Northern Trust.

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Northern Trust (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, January 20th. The asset manager reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. Northern Trust had a net margin of 20.72% and a return on equity of 13.07%. During the same period in the previous year, the firm earned $1.80 earnings per share.

Several research analysts have recently issued reports on NTRS shares. The Goldman Sachs Group cut shares of Northern Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $90.00 to $85.00 in a report on Tuesday, January 5th. JPMorgan Chase & Co. cut shares of Northern Trust from a “neutral” rating to an “underweight” rating and set a $90.00 target price for the company. in a report on Tuesday, December 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Northern Trust from $112.00 to $110.00 and set a “buy” rating for the company in a report on Friday, January 22nd. Barclays raised their target price on shares of Northern Trust from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, January 4th. Finally, Credit Suisse Group cut shares of Northern Trust from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $88.00 to $94.00 in a report on Friday, December 11th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $96.47.

Shares of Northern Trust stock traded down $0.05 on Thursday, hitting $97.58. The company had a trading volume of 21,036 shares, compared to its average volume of 931,271. The business has a 50-day simple moving average of $95.66 and a 200-day simple moving average of $88.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $20.31 billion, a PE ratio of 16.19 and a beta of 1.12. Northern Trust has a 52 week low of $60.67 and a 52 week high of $99.98.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Investors of record on Friday, March 12th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 2.87%. Northern Trust’s dividend payout ratio is 42.23%.

In other Northern Trust news, insider Steven L. Fradkin sold 8,473 shares of the business’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $91.50, for a total value of $775,279.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Clair Joyce St sold 10,000 shares of the business’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $94.24, for a total value of $942,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,759 shares of company stock valued at $1,840,325. Insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NTRS. IFP Advisors Inc grew its stake in Northern Trust by 1,482.8% in the third quarter. IFP Advisors Inc now owns 459 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. Vantage Consulting Group Inc bought a new stake in shares of Northern Trust during the 4th quarter worth about $47,000. Planned Solutions Inc. bought a new stake in shares of Northern Trust during the 3rd quarter worth about $57,000. Column Capital Advisors LLC boosted its stake in shares of Northern Trust by 81.8% during the 3rd quarter. Column Capital Advisors LLC now owns 727 shares of the asset manager’s stock worth $57,000 after acquiring an additional 327 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of Northern Trust by 16.5% during the 4th quarter. CX Institutional now owns 757 shares of the asset manager’s stock worth $71,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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