Northern Trust (NASDAQ:NTRS – Get Free Report) issued its earnings results on Wednesday. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03, Yahoo Finance reports. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Northern Trust had a return on equity of 12.24% and a net margin of 10.53%. Northern Trust’s quarterly revenue was up 53.8% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS.
Northern Trust Price Performance
NTRS stock opened at $86.23 on Friday. The firm has a 50 day moving average of $84.09 and a 200-day moving average of $83.32. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $17.64 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. Northern Trust has a 12 month low of $62.44 and a 12 month high of $92.46.
Northern Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, September 6th. Northern Trust’s payout ratio is 66.23%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Northern Trust
Insiders Place Their Bets
In other news, insider Peter Cherecwich sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the completion of the transaction, the insider now directly owns 31,471 shares in the company, valued at approximately $2,740,809.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven L. Fradkin sold 4,097 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $82.56, for a total value of $338,248.32. Following the sale, the insider now directly owns 46,078 shares of the company’s stock, valued at $3,804,199.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Cherecwich sold 12,000 shares of Northern Trust stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $87.09, for a total transaction of $1,045,080.00. Following the sale, the insider now owns 31,471 shares of the company’s stock, valued at $2,740,809.39. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
About Northern Trust
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.
Read More
- Five stocks we like better than Northern Trust
- 10 Best Airline Stocks to Buy
- Top Energy Stock Poised for Growth: Slow and Steady Wins the Race
- Airline Stocks – Top Airline Stocks to Buy Now
- This Cybersecurity Stock Gains Analysts’ Favor for Strong Growth
- Investing in Commodities: What Are They? How to Invest in Them
- Parabolic Rise of This Stock Shows No Signs of Slowing
Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.