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 https://stocknewstimes.com/2017/07/19/northern-trust-corporation-nasdaqntrs-stake-held-by-fruth-investment-management.html. 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.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE