Northern Trust Corporation (NTRS) Earning Somewhat Favorable News Coverage, Analysis Finds
Media stories about Northern Trust Corporation (NASDAQ:NTRS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news 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 coverage optimism score of 0.13 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 47.0542006756887 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Taking Aim at Shares of Northern Trust Corporation (NASDAQ:NTRS) and Willis Towers Watson Public Limited … – FLBC News (flbcnews.com)
- Northern Trust Universe Data: Seventh Consecutive Quarter of Investment Gains for Institutional Plan Sponsors (finance.yahoo.com)
- M&G agrees £230m loan refinancing with Northern Trust (placenorthwest.co.uk)
- Welltower Inc. (HCN) noted a price swing of 0.44% and Northern Trust Corporation (NTRS) closes with a movement of … – Stocks Gallery (stocksgallery.com)
- Northern Trust : The Open University of Hong Kong Appoints Northern Trust as Global Custodian (4-traders.com)
Shares of Northern Trust Corporation (NTRS) traded up 1.15% during midday trading on Friday, reaching $88.99. The company had a trading volume of 1,056,823 shares. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 20.20 and a beta of 0.92. The company has a 50 day moving average of $93.88 and a 200 day moving average of $89.09. Northern Trust Corporation has a 12-month low of $66.35 and a 12-month high of $99.30.
Northern Trust Corporation (NASDAQ:NTRS) last released its quarterly earnings data on Wednesday, July 19th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by $0.05. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Northern Trust Corporation had a net margin of 20.21% and a return on equity of 12.08%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. Analysts anticipate that Northern Trust Corporation will post $4.72 EPS 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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.89%. This is a boost from Northern Trust Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 30th. Northern Trust Corporation’s dividend payout ratio (DPR) is presently 34.55%.
Northern Trust Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $750.00 million in outstanding 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 usually a sign that the company’s board believes its stock is undervalued.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub downgraded shares of Northern Trust Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $98.00 price target (up from $61.32) on shares of Northern Trust Corporation in a report on Friday, May 26th. Credit Suisse Group reissued a “hold” rating and issued a $90.00 price target on shares of Northern Trust Corporation in a report on Monday, May 15th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $86.00 price target (up from $80.00) on shares of Northern Trust Corporation in a report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $94.50.
In other Northern Trust Corporation news, EVP Susan Gillian Pembleton sold 9,793 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $88.29, for a total value of $864,623.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William L. Morrison sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $87.28, for a total value of $2,182,000.00. The disclosure for this sale can be found here. Insiders sold 179,436 shares of company stock worth $16,614,372 over the last three months. Insiders own 1.27% of the company’s stock.
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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