Northern Trust (NTRS) Earning Somewhat Positive News Coverage, Study Shows
News stories about Northern Trust (NASDAQ:NTRS) have been trending somewhat positive on Monday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, 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 gave news headlines about the asset manager an impact score of 44.7889247297168 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Northern Trust (NTRS) Stock Rating Reaffirmed by Keefe, Bruyette & Woods (americanbankingnews.com)
- Northern Trust Target of Unusually High Options Trading (NTRS) (americanbankingnews.com)
- Wells Fargo & Company Analysts Give Northern Trust (NTRS) a $105.00 Price Target (americanbankingnews.com)
- Northern Trust Corporation to Webcast Fourth Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Can State Street Recover Its Discounted Valuations? (finance.yahoo.com)
Shares of Northern Trust (NASDAQ:NTRS) traded down $1.07 during trading hours on Monday, hitting $98.98. 652,600 shares of the stock traded hands, compared to its average volume of 1,134,701. The company has a market capitalization of $22,270.00, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.37. Northern Trust has a 52-week low of $81.92 and a 52-week high of $100.50.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm 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 company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. equities research analysts expect that Northern Trust will post 4.68 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $1.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, November 30th. Northern Trust’s dividend payout ratio is currently 37.09%.
A number of research analysts have recently commented on NTRS shares. Zacks Investment Research lowered shares of Northern Trust from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. UBS Group upgraded shares of Northern Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $92.00 to $100.00 in a research report on Friday, September 8th. Bank of America set a $102.00 price target on shares of Northern Trust and gave the company a “buy” rating in a research report on Thursday, October 19th. Citigroup restated a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Finally, Morgan Stanley lifted their price objective on shares of Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $98.93.
In other Northern Trust news, insider Teresa Parker sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $92.00, for a total value of $736,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Aileen B. Blake sold 1,000 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $94.00, for a total transaction of $94,000.00. The disclosure for this sale can be found here. Insiders have sold 433,382 shares of company stock worth $41,304,013 in the last quarter. 1.27% of the stock is owned by corporate insiders.
Northern Trust Company Profile
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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