Q4 2016 Earnings Estimate for Northern Trust Corp. (NTRS) Issued By Credit Agricole SA
Northern Trust Corp. (NASDAQ:NTRS) – Equities researchers at Credit Agricole SA boosted their Q4 2016 earnings estimates for Northern Trust Corp. in a report released on Monday. Credit Agricole SA analyst M. Mayo now expects that the firm will earn $1.16 per share for the quarter, up from their prior forecast of $1.13. Credit Agricole SA currently has a “Underperform” rating and a $73.00 target price on the stock.
Northern Trust Corp. (NASDAQ:NTRS) last posted 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Northern Trust Corp. had a return on equity of 11.55% and a net margin of 19.58%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Northern Trust Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Wednesday, October 5th. Jefferies Group reiterated a “hold” rating and set a $77.00 price target on shares of Northern Trust Corp. in a research report on Monday, October 10th. Deutsche Bank AG boosted their price target on Northern Trust Corp. from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. Finally, Credit Suisse Group AG set a $68.00 price target on Northern Trust Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.42.
Shares of Northern Trust Corp. (NASDAQ:NTRS) opened at 81.04 on Wednesday. Northern Trust Corp. has a 52-week low of $54.38 and a 52-week high of $83.09. The company’s 50-day moving average price is $72.63 and its 200-day moving average price is $69.87. The stock has a market cap of $18.35 billion, a PE ratio of 19.31 and a beta of 1.02.
The business also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, November 30th. Northern Trust Corp.’s dividend payout ratio is 36.45%.
In other news, EVP Jeffrey D. Cohodes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $71.35, for a total transaction of $713,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Clair Joyce St sold 5,748 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $69.00, for a total value of $396,612.00. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Financial Architects Inc increased its stake in shares of Northern Trust Corp. by 5,936.0% in the second quarter. Financial Architects Inc now owns 1,509 shares of the company’s stock valued at $100,000 after buying an additional 1,484 shares in the last quarter. Global X Management Co. LLC raised its position in Northern Trust Corp. by 30.8% in the second quarter. Global X Management Co. LLC now owns 1,545 shares of the company’s stock valued at $102,000 after buying an additional 364 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Northern Trust Corp. during the third quarter valued at $114,000. Advisors Asset Management Inc. raised its position in Northern Trust Corp. by 71.7% in the third quarter. Advisors Asset Management Inc. now owns 1,717 shares of the company’s stock valued at $117,000 after buying an additional 717 shares during the last quarter. Finally, Creative Planning raised its position in Northern Trust Corp. by 61.9% in the second quarter. Creative Planning now owns 1,755 shares of the company’s stock valued at $116,000 after buying an additional 671 shares during the last quarter. 82.48% of the stock is owned by institutional investors and hedge funds.
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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