Northern Trust (NASDAQ:NTRS – Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Northern Trust to post earnings of $1.96 per share and revenue of $1,932,920.25 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Northern Trust Price Performance
Shares of NASDAQ:NTRS opened at $106.87 on Tuesday. The company has a market cap of $21.18 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company’s fifty day moving average is $105.73 and its two-hundred day moving average is $95.89. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Northern Trust has a 12-month low of $76.67 and a 12-month high of $111.87.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Northern Trust from $100.00 to $113.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Barclays raised their price target on shares of Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Evercore ISI upped their price objective on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. UBS Group lifted their target price on shares of Northern Trust from $86.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Truist Financial initiated coverage on Northern Trust in a report on Tuesday, January 7th. They set a “hold” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.17.
Insider Activity at Northern Trust
In related news, COO Peter Cherecwich sold 16,153 shares of Northern Trust stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $105.18, for a total value of $1,698,972.54. Following the transaction, the chief operating officer now owns 4,397 shares in the company, valued at $462,476.46. This trade represents a 78.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Steven L. Fradkin sold 27,874 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.50, for a total transaction of $2,801,337.00. Following the transaction, the insider now directly owns 46,078 shares of the company’s stock, valued at approximately $4,630,839. This represents a 37.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,151 shares of company stock valued at $8,489,889. Corporate insiders own 0.64% of the company’s stock.
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, 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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