Northern Trust Corporation (NTRS) Getting Somewhat Positive Media Coverage, Report Finds
Media headlines about Northern Trust Corporation (NASDAQ:NTRS) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northern Trust Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 45.9376194152267 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Goodman Theatre board elects Northern Trust executive to top post (finance.yahoo.com)
- Obama’s taking White House-to-Wall Street path | Trump lawyers spill beans at DC restaurant – MarketWatch (marketwatch.com)
- Northern Trust’s 5-Year Investment Outlook (msn.com)
- Northern Trust’s 5-Year Investment Outlook – Barron’s (barrons.com)
- Northern Trust (NTRS) Presents At Barclays 2017 Global Financial Services Conference – Slideshow (seekingalpha.com)
Northern Trust Corporation (NASDAQ:NTRS) opened at 90.84 on Friday. Northern Trust Corporation has a 12-month low of $66.40 and a 12-month high of $99.30. The company has a 50-day moving average price of $88.43 and a 200-day moving average price of $89.76. The firm has a market capitalization of $20.76 billion, a PE ratio of 20.62 and a beta of 0.92.
Northern Trust Corporation (NASDAQ:NTRS) last released its earnings results on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.05). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a return on equity of 12.08% and a net margin of 20.21%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, analysts predict that Northern Trust Corporation will post $4.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be paid a $0.42 dividend. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.87%. The ex-dividend date is Wednesday, August 30th. Northern Trust Corporation’s payout ratio is presently 38.18%.
Northern Trust Corporation announced that its board has approved a stock buyback program on Wednesday, June 28th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Several research firms have commented on NTRS. BidaskClub upgraded Northern Trust Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Buckingham Research reiterated a “neutral” rating and set a $103.00 price objective (up from $93.00) on shares of Northern Trust Corporation in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $97.00 target price on shares of Northern Trust Corporation in a report on Thursday, June 29th. Zacks Investment Research cut Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $86.00 target price (down from $91.00) on shares of Northern Trust Corporation in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Northern Trust Corporation currently has a consensus rating of “Hold” and a consensus price target of $94.57.
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In other Northern Trust Corporation news, COO Jana R. Schreuder sold 5,581 shares of Northern Trust Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $90.00, for a total value of $502,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Teresa Parker sold 11,399 shares of Northern Trust Corporation stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $87.65, for a total transaction of $999,122.35. The disclosure for this sale can be found here. Insiders sold a total of 84,563 shares of company stock valued at $7,814,018 over the last ninety days. 1.27% of the stock is owned by corporate insiders.
Northern Trust Corporation 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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