Northern Trust Corporation (NTRS) Analysts See $1.24 EPS

Bruno Cirelli
Luglio 20, 2017

Employees Retirement Association Of Colorado has invested 0.03% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Findlay Park Partners LLP now owns 2,742,643 shares of the asset manager's stock valued at $237,458,000 after buying an additional 1,242,643 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in Northern Trust Corporation during the second quarter valued at about $200,000.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 25th.

Northern Trust's market capitalization fell to $20.3 billion today from $22.4 billion yesterday. The institutional investor owned 42,219 shares of the asset manager's stock after selling 5,955 shares during the period. Northern Trust Corporation reported earnings of $1.06 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17%. Kings Point Capital Management bought a new position in shares of Northern Trust Corporation during the first quarter valued at about $101,000. Salem Inv Counselors Inc holds 1,000 shares or 0.01% of its portfolio. Northern Trust Corporation has a 1-year low of $65.92 and a 1-year high of $99.30.

Analysts expect Condor Petroleum Inc (TSE:CPI) to report $-0.08 EPS on August, 11.They anticipate $0.01 EPS change or 14.29% from last quarter's $-0.07 EPS. Confluence Investment Management LLC now owns 1,029,300 shares of the asset manager's stock valued at $89,117,000 after buying an additional 12,540 shares in the last quarter. Prudential Incorporated has 0.04% invested in Northern Trust Corporation (NASDAQ:NTRS).

Teachers Advisors LLC increased its stake in shares of Northern Trust Corporation (NASDAQ:NTRS) by 25.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The stock has a 50 day moving average price of $94.26 and a 200-day moving average price of $89.23. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Finally, Creative Planning boosted its position in shares of Northern Trust Corporation by 117.8% in the first quarter. Northern Trust Corporation's revenue for the quarter was up.5% on a year-over-year basis.

Several equities analysts recently issued reports on the company. During the same period a year ago, the business earned $1.09 EPS. Bank of America Corporation reiterated a "buy" rating and issued a $98.00 target price (up previously from $61.32) on shares of Northern Trust Corporation in a research report on Friday, May 26th.

Northern Trust Corporation declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $750.00 million in shares. Morgan Stanley reiterated an "underweight" rating and issued a $86.00 price objective (up from $80.00) on shares of Northern Trust Corporation in a research note on Friday, July 7th. Buckingham Research reaffirmed a "neutral" rating and set a $103.00 price target (up from $93.00) on shares of Northern Trust Corporation in a research note on Monday, July 10th.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. The ex-dividend date was set for Tuesday the 13th of June 2017. Legal General Gru Public Limited Company invested in 0.09% or 1.03 million shares. This dividend amount was represent a yeild of $5.40. Raymond James Trust Na reported 0.03% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). This repurchase authorization permits the asset manager to buy up to 3.4% of its shares through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: "Traders Buy Shares of Northern Trust Corporation (NASDAQ:NTRS) on Weakness on Disappointing Earnings" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright legislation. The original version of this report can be viewed at The stock was sold at an average price of $90.46, for a total value of $18,627,794.58. Also, insider Stephen N. Potter sold 28,469 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, July 5th. The disclosure for this sale can be found here. Insiders have sold 458,002 shares of company stock valued at $41,937,824 over the last 90 days. It fall, as 43 investors sold NTRS shares while 197 reduced holdings. Institutional investors own 82.88% of the company's stock.

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.

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