Northern Trust Corporation (NTRS) Getting Somewhat Positive Press Coverage, Report Shows
News articles about Northern Trust Corporation (NASDAQ:NTRS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northern Trust Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 45.9922308854961 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Northern Trust Corporation (NASDAQ: NTRS) – Hot Stock under Review – Alpha Beta Stock (alphabetastock.com)
- CSX Corporation, (NASDAQ: CSX), Northern Trust Corporation, (NASDAQ: NTRS), Sprint Corporation, (NYSE: S … – Stocks In The News (press release) (tradingnewsnow.com)
- Northern Trust : to Provide Investment Advisory Services to Texas Parks and Wildlife Foundation (4-traders.com)
- Northern Trust to Provide Investment Advisory Services to Texas Parks and Wildlife Foundation (finance.yahoo.com)
- Northern Trust Corporation (NTRS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Northern Trust Corporation (NASDAQ NTRS) traded down $0.07 during midday trading on Thursday, hitting $94.39. The company had a trading volume of 482,400 shares, compared to its average volume of 1,149,873. Northern Trust Corporation has a fifty-two week low of $80.49 and a fifty-two week high of $99.30. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.37. The firm has a market cap of $21,482.20, a PE ratio of 20.62, a PEG ratio of 2.09 and a beta of 0.96.
Northern Trust Corporation (NASDAQ:NTRS) last posted its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the 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 business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. sell-side analysts predict that Northern Trust Corporation will post 4.68 earnings per share for the current fiscal year.
The firm also recently disclosed 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 of this dividend is Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. Northern Trust Corporation’s dividend payout ratio is presently 37.17%.
Several analysts have recently issued reports on NTRS shares. Royal Bank Of Canada reiterated a “buy” rating and set a $97.00 price target on shares of Northern Trust Corporation in a research note on Friday, August 18th. 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. Zacks Investment Research downgraded Northern Trust Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley upped 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. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $92.00 price target (up previously from $90.00) on shares of Northern Trust Corporation in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $97.07.
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In related news, Vice Chairman William L. Morrison sold 11,058 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $94.34, for a total transaction of $1,043,211.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aileen B. Blake sold 1,000 shares of the business’s stock in a transaction dated 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 a total of 324,268 shares of company stock valued at $30,498,464 in the last three months. 1.27% of the stock is owned by insiders.
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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