Northern Trust (NTRS) Receives Coverage Optimism Score of 0.24
News articles about Northern Trust (NASDAQ:NTRS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northern Trust earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 44.8049791226224 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Northern Trust Regulatory Insights: Survey Reveals Investment Managers Greatest Implementation Challenge around MiFID II (finance.yahoo.com)
- Q1 2018 EPS Estimates for Northern Trust Co. (NTRS) Decreased by Jefferies Group (americanbankingnews.com)
- Northern Trust Sees Unusually High Options Volume (NTRS) (americanbankingnews.com)
- Jefferies Group Comments on Northern Trust Co.’s Q2 2018 Earnings (NTRS) (americanbankingnews.com)
- Northern Trust (NTRS) Price Target Raised to $110.00 (americanbankingnews.com)
NTRS has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating and issued a $92.00 price target (up previously from $90.00) on shares of Northern Trust in a research report on Monday, October 9th. Zacks Investment Research cut Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS Group raised their price target on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Buckingham Research raised their price target on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley raised their price target on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Northern Trust has an average rating of “Hold” and a consensus price target of $104.44.
Northern Trust (NASDAQ:NTRS) last released its earnings results on Wednesday, January 24th. The asset manager reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Northern Trust had a return on equity of 12.77% and a net margin of 20.98%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. equities research analysts forecast that Northern Trust will post 6.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, March 8th. Northern Trust’s payout ratio is 34.08%.
In other news, EVP Clair Joyce St sold 18,489 shares of Northern Trust stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $97.51, for a total transaction of $1,802,862.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William L. Morrison sold 30,000 shares of Northern Trust stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $96.48, for a total value of $2,894,400.00. The disclosure for this sale can be found here. Insiders have sold 126,695 shares of company stock worth $12,390,150 over the last three months. Insiders own 1.27% of the company’s stock.
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About Northern Trust
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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