FY2020 Earnings Estimate for Northern Trust Co. Issued By Jefferies Financial Group (NTRS)

Northern Trust Co. (NASDAQ:NTRS) – Stock analysts at Jefferies Financial Group lowered their FY2020 earnings per share estimates for shares of Northern Trust in a report issued on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now expects that the asset manager will earn $7.00 per share for the year, down from their previous forecast of $7.70. Jefferies Financial Group currently has a “Hold” rating on the stock.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 17th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.03). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.52 billion. Northern Trust had a return on equity of 15.75% and a net margin of 23.28%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share.

Several other research firms have also issued reports on NTRS. Deutsche Bank reduced their target price on Northern Trust from $116.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, October 11th. Zacks Investment Research lowered Northern Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Barclays reduced their target price on Northern Trust from $119.00 to $109.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Credit Suisse Group reduced their target price on Northern Trust from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, December 7th. Finally, BidaskClub lowered Northern Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, September 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $114.05.

NTRS opened at $85.65 on Thursday. The firm has a market cap of $18.84 billion, a PE ratio of 17.73, a P/E/G ratio of 1.07 and a beta of 1.08. Northern Trust has a 52-week low of $75.96 and a 52-week high of $115.61. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 1st. Investors of record on Friday, December 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, December 13th. Northern Trust’s dividend payout ratio (DPR) is presently 45.55%.

A number of large investors have recently added to or reduced their stakes in NTRS. Alps Advisors Inc. acquired a new stake in Northern Trust in the second quarter valued at about $384,000. Renaissance Technologies LLC raised its position in Northern Trust by 26.9% in the second quarter. Renaissance Technologies LLC now owns 139,698 shares of the asset manager’s stock valued at $14,374,000 after purchasing an additional 29,598 shares during the last quarter. Laurion Capital Management LP bought a new position in Northern Trust in the second quarter valued at about $238,000. AMP Capital Investors Ltd raised its position in Northern Trust by 26.0% in the second quarter. AMP Capital Investors Ltd now owns 80,534 shares of the asset manager’s stock valued at $8,286,000 after purchasing an additional 16,597 shares during the last quarter. Finally, Capital Fund Management S.A. raised its position in Northern Trust by 26.4% in the second quarter. Capital Fund Management S.A. now owns 12,000 shares of the asset manager’s stock valued at $1,235,000 after purchasing an additional 2,505 shares during the last quarter. 79.11% of the stock is currently owned by institutional investors and hedge funds.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through Corporate & Institutional Services (C&IS) and Wealth Management segments.

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Earnings History and Estimates for Northern Trust (NASDAQ:NTRS)

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