Seaport Res Ptn Predicts Reduced Earnings for Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) – Research analysts at Seaport Res Ptn reduced their Q3 2026 earnings per share (EPS) estimates for shares of Northern Trust in a report released on Wednesday, July 23rd. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will post earnings of $2.42 per share for the quarter, down from their previous estimate of $2.43. The consensus estimate for Northern Trust’s current full-year earnings is $8.27 per share.

NTRS has been the subject of several other research reports. Morgan Stanley raised their price objective on shares of Northern Trust from $103.00 to $106.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Bank of America lowered their target price on shares of Northern Trust from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Royal Bank Of Canada set a $123.00 price target on shares of Northern Trust and gave the company an “outperform” rating in a research report on Monday, June 30th. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wolfe Research upgraded Northern Trust from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.58.

Northern Trust Price Performance

Shares of NASDAQ NTRS opened at $131.64 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.72. Northern Trust has a one year low of $80.81 and a one year high of $133.00. The firm has a market capitalization of $25.61 billion, a P/E ratio of 15.47, a PEG ratio of 1.73 and a beta of 1.26. The company’s fifty day moving average is $118.11 and its two-hundred day moving average is $107.48.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.05. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Northern Trust had a return on equity of 14.06% and a net margin of 11.75%. Northern Trust’s quarterly revenue was down 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.34 earnings per share.

Northern Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a $0.80 dividend. This is an increase from Northern Trust’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, September 5th. Northern Trust’s dividend payout ratio is currently 35.25%.

Insider Buying and Selling at Northern Trust

In related news, EVP Clive Bellows sold 3,300 shares of Northern Trust stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $99.95, for a total transaction of $329,835.00. Following the completion of the sale, the executive vice president owned 28,736 shares in the company, valued at approximately $2,872,163.20. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Teresa Parker sold 6,467 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $100.62, for a total transaction of $650,709.54. Following the completion of the transaction, the insider directly owned 79,391 shares of the company’s stock, valued at $7,988,322.42. The trade was a 7.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,772 shares of company stock worth $981,069 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Northern Trust

Several institutional investors and hedge funds have recently modified their holdings of NTRS. Colonial Trust Co SC grew its stake in Northern Trust by 6,400.0% in the 4th quarter. Colonial Trust Co SC now owns 260 shares of the asset manager’s stock worth $27,000 after acquiring an additional 256 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Northern Trust by 5,340.0% during the first quarter. Continuum Advisory LLC now owns 272 shares of the asset manager’s stock worth $27,000 after purchasing an additional 267 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Northern Trust in the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new position in Northern Trust during the first quarter worth about $35,000. Finally, GFG Capital LLC purchased a new position in Northern Trust during the second quarter worth about $35,000. Hedge funds and other institutional investors own 83.19% 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.