Northern Trust Co. (NTRS) to Issue Quarterly Dividend of $0.70 on January 1st

Northern Trust Co. (NASDAQ:NTRS) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.70 per share by the asset manager on Wednesday, January 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, December 12th.

Shares of Northern Trust stock traded down $0.39 during mid-day trading on Tuesday, hitting $108.75. 526,435 shares of the stock were exchanged, compared to its average volume of 750,109. The company has a 50-day simple moving average of $104.92 and a 200 day simple moving average of $94.22. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.41. Northern Trust has a twelve month low of $75.96 and a twelve month high of $109.38. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that Northern Trust will post 6.65 earnings per share for the current fiscal year.

In other news, EVP Thomas A. South sold 1,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $98.54, for a total transaction of $98,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert P. Browne sold 18,812 shares of Northern Trust stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $102.96, for a total transaction of $1,936,883.52. The disclosure for this sale can be found here. Insiders have sold 55,234 shares of company stock valued at $5,771,074 in the last three months. Corporate insiders own 1.15% of the company’s stock.

Several research analysts recently commented on the stock. Deutsche Bank raised their price target on shares of Northern Trust from $110.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. BidaskClub upgraded shares of Northern Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. UBS Group lowered shares of Northern Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Buckingham Research cut their price target on shares of Northern Trust from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Northern Trust from $101.50 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Northern Trust has a consensus rating of “Hold” and an average price target of $104.07.

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, Corporate & Institutional Services (C&IS) and Wealth Management.

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Dividend History for Northern Trust (NASDAQ:NTRS)

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