Media headlines about Northern Trust (NASDAQ:NTRS) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northern Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.0821567306735 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Northern Trust Names New Head of Sales for Asia-Pacific (finance.yahoo.com)
- Stock Traders Buy High Volume of Northern Trust Call Options (NTRS) (americanbankingnews.com)
- Goldman's President Likely to Take Over as CEO by 2018 End (finance.yahoo.com)
- Northern Trust (NTRS) Expected to Announce Quarterly Sales of $1.50 Billion (americanbankingnews.com)
- Northern Trust (NTRS) Expected to Announce Earnings of $1.62 Per Share (americanbankingnews.com)
Several equities research analysts recently commented on the stock. Credit Suisse Group boosted their price objective on shares of Northern Trust from $103.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 18th. Royal Bank of Canada reiterated a “buy” rating on shares of Northern Trust in a research report on Wednesday, April 18th. Zacks Investment Research upgraded shares of Northern Trust from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research report on Friday, April 20th. Deutsche Bank boosted their price objective on shares of Northern Trust from $109.00 to $111.00 and gave the stock a “hold” rating in a research report on Friday, April 6th. Finally, Sandler O’Neill reiterated a “hold” rating on shares of Northern Trust in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $110.75.
Northern Trust traded down $0.58, hitting $107.85, during trading on Wednesday, MarketBeat reports. The stock had a trading volume of 624,451 shares, compared to its average volume of 1,158,280. Northern Trust has a 1-year low of $85.69 and a 1-year high of $110.81. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.43 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34.
Northern Trust (NASDAQ:NTRS) last announced its earnings results on Tuesday, April 17th. The asset manager reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Northern Trust had a net margin of 21.84% and a return on equity of 13.88%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. research analysts predict that Northern Trust will post 6.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 8th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 7th. Northern Trust’s payout ratio is 34.78%.
In related news, CFO Biff Bowman sold 13,811 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $108.53, for a total value of $1,498,907.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jana R. Schreuder sold 3,730 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $105.14, for a total transaction of $392,172.20. The disclosure for this sale can be found here. Insiders sold a total of 118,281 shares of company stock valued at $12,768,827 in the last three months. 1.04% of the stock is currently owned by corporate insiders.
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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