Analysts Offer Predictions for Northern Trust Co.’s FY2024 Earnings (NASDAQ:NTRS)

Northern Trust Co. (NASDAQ:NTRS) – Stock analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Northern Trust in a research note issued to investors on Thursday, April 18th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings per share of $6.65 for the year, up from their previous estimate of $6.55. The consensus estimate for Northern Trust’s current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for Northern Trust’s Q1 2025 earnings at $1.50 EPS, Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.76 EPS, Q4 2025 earnings at $1.84 EPS and FY2025 earnings at $6.85 EPS.

NTRS has been the topic of a number of other reports. Barclays raised their price target on Northern Trust from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Morgan Stanley restated an “underweight” rating and issued a $86.00 price target (up from $82.00) on shares of Northern Trust in a research note on Tuesday, January 30th. Jefferies Financial Group raised their price target on Northern Trust from $101.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet upgraded Northern Trust from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Finally, Royal Bank of Canada raised their price target on Northern Trust from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.92.

Northern Trust Stock Up 0.2 %

Shares of NASDAQ NTRS opened at $81.41 on Friday. The stock has a market cap of $16.61 billion, a P/E ratio of 17.97, a PEG ratio of 1.64 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Northern Trust has a 12-month low of $62.44 and a 12-month high of $89.25. The business’s fifty day simple moving average is $83.23 and its 200-day simple moving average is $78.84.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 18th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.81). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.71 billion. Northern Trust had a net margin of 7.59% and a return on equity of 12.57%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 earnings per share.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, June 7th. Northern Trust’s dividend payout ratio is currently 66.23%.

Insider Buying and Selling

In other Northern Trust news, insider Steven L. Fradkin sold 30,392 shares of Northern Trust stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $80.11, for a total value of $2,434,703.12. Following the sale, the insider now owns 55,707 shares of the company’s stock, valued at approximately $4,462,687.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Northern Trust

A number of institutional investors have recently added to or reduced their stakes in NTRS. Vontobel Holding Ltd. boosted its holdings in Northern Trust by 2.4% in the 1st quarter. Vontobel Holding Ltd. now owns 5,921 shares of the asset manager’s stock valued at $715,000 after purchasing an additional 140 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Northern Trust by 26.4% during the 1st quarter. Allianz Asset Management GmbH now owns 12,985 shares of the asset manager’s stock valued at $1,512,000 after acquiring an additional 2,716 shares during the period. Prudential PLC acquired a new stake in shares of Northern Trust during the 1st quarter valued at approximately $548,000. Vanguard Group Inc. lifted its position in shares of Northern Trust by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 22,711,584 shares of the asset manager’s stock valued at $2,644,763,000 after acquiring an additional 457,748 shares during the period. Finally, Zions Bancorporation N.A. lifted its position in shares of Northern Trust by 271.7% during the 1st quarter. Zions Bancorporation N.A. now owns 918 shares of the asset manager’s stock valued at $107,000 after acquiring an additional 671 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Northern Trust Company Profile

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.