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.
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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