Northern Trust (NTRS) to Release Earnings on Thursday

Northern Trust (NASDAQ:NTRSGet Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.96 per share and revenue of $1,932,920.25 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Northern Trust Stock Up 0.8 %

Shares of Northern Trust stock opened at $107.75 on Wednesday. The business’s fifty day moving average price is $105.73 and its two-hundred day moving average price is $96.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $21.36 billion, a P/E ratio of 13.40, a PEG ratio of 1.22 and a beta of 1.08. Northern Trust has a 1-year low of $76.67 and a 1-year high of $111.87.

Insider Activity

In other Northern Trust news, EVP Susan Cohen Levy sold 19,585 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $102.26, for a total value of $2,002,762.10. Following the transaction, the executive vice president now owns 17,132 shares in the company, valued at $1,751,918.32. The trade was a 53.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $100.50, for a total value of $2,801,337.00. Following the completion of the transaction, the insider now owns 46,078 shares in the company, valued at $4,630,839. This trade represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,151 shares of company stock worth $8,489,889. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTRS. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their target price on Northern Trust from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley decreased their target price on Northern Trust from $127.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, January 3rd. StockNews.com cut Northern Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Bank of America lifted their target price on Northern Trust from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Northern Trust has a consensus rating of “Hold” and a consensus target price of $107.17.

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About Northern Trust

(Get Free Report)

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, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.

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Earnings History for Northern Trust (NASDAQ:NTRS)

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