Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Northern Trust (NTRS) Share Price
Headlines about Northern Trust (NASDAQ:NTRS) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northern Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 44.6397122263156 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Northern Trust (NASDAQ NTRS) traded down $0.43 during mid-day trading on Tuesday, hitting $99.46. 980,173 shares of the stock traded hands, compared to its average volume of 808,800. The stock has a market capitalization of $22,717.09, a P/E ratio of 22.00, a P/E/G ratio of 2.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a 52 week low of $81.92 and a 52 week high of $104.84.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Northern Trust had a net margin of 20.27% and a return on equity of 12.33%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. equities research analysts predict that Northern Trust will post 4.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 1st were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 1.69%. Northern Trust’s dividend payout ratio is currently 37.17%.
Several research analysts have weighed in on the stock. Citigroup restated a “neutral” rating and set a $92.00 price objective (up previously from $90.00) on shares of Northern Trust in a report on Monday, October 9th. Zacks Investment Research upgraded shares of Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Co set a $105.00 price objective on shares of Northern Trust and gave the stock a “hold” rating in a report on Wednesday, December 20th. UBS Group upgraded shares of Northern Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $92.00 to $100.00 in a report on Friday, September 8th. Finally, Bank of America set a $102.00 price objective on shares of Northern Trust and gave the stock a “buy” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Northern Trust presently has an average rating of “Hold” and an average price target of $99.86.
In other news, EVP Aileen B. Blake sold 1,000 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $94.00, for a total value of $94,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Clair Joyce St sold 7,665 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $95.00, for a total transaction of $728,175.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,382 shares of company stock valued at $31,276,013. 1.27% of the stock is currently owned by corporate insiders.
About Northern Trust
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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