Somewhat Positive News Coverage Somewhat Unlikely to Impact Northern Trust Corporation (NTRS) Share Price
News articles about Northern Trust Corporation (NASDAQ:NTRS) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northern Trust Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.8418217203251 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Northern Trust Asset Management Names New Chief Operating Officer for International Business (finance.yahoo.com)
- MOVES-Asset manager Northern Trust names new COO for EMEA, APAC (finance.yahoo.com)
- ETFs with exposure to Northern Trust Corp. : November 13, 2017 (finance.yahoo.com)
- Hard Brexit threat may send pound to $1.20 – Northern Trust Asset Management CIO (finance.yahoo.com)
- Analysts Anticipate Northern Trust Corporation (NTRS) Will Post Quarterly Sales of $1.40 Billion (americanbankingnews.com)
A number of brokerages have commented on NTRS. Bank of America Corporation set a $102.00 price target on Northern Trust Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Morgan Stanley lifted their price target on Northern Trust Corporation from $83.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Buckingham Research lifted their price target on Northern Trust Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. UBS AG lifted their price target on Northern Trust Corporation from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut Northern Trust Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Northern Trust Corporation has a consensus rating of “Hold” and an average price target of $97.07.
Shares of Northern Trust Corporation (NASDAQ NTRS) traded down $0.05 during mid-day trading on Tuesday, hitting $92.46. The stock had a trading volume of 878,900 shares, compared to its average volume of 1,159,065. The company has a market cap of $21,038.73, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.04 and a beta of 0.96. Northern Trust Corporation has a 12-month low of $80.21 and a 12-month high of $99.30. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37.
Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. Northern Trust Corporation had a return on equity of 12.33% and a net margin of 20.27%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $1.11 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. research analysts forecast that Northern Trust Corporation will post 4.68 EPS for the current fiscal year.
Northern Trust Corporation announced that its board has authorized a stock buyback plan on Tuesday, July 18th that permits the company to buyback 9,500,000 outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.82%. Northern Trust Corporation’s dividend payout ratio is presently 37.17%.
In other Northern Trust Corporation news, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total value of $1,043,211.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.00, for a total value of $90,000.00. The disclosure for this sale can be found here. Insiders have sold 338,082 shares of company stock worth $31,732,330 over the last 90 days. 1.27% of the stock is currently owned by corporate insiders.
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About Northern Trust Corporation
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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