Northern Trust Corporation (NASDAQ:NTRS) Declares Quarterly Dividend of $0.80

by · The Markets Daily

Northern Trust Corporation (NASDAQ:NTRS – Get Free Report) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Friday, March 6th will be given a dividend of 0.80 per share by the asset manager on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, March 6th.

Northern Trust has increased its dividend payment by an average of 0.0%annually over the last three years. Northern Trust has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Trust to earn $9.03 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.4%.

Northern Trust Price Performance

Shares of NTRS opened at $144.42 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.70. Northern Trust has a fifty-two week low of $81.62 and a fifty-two week high of $148.98. The business’s 50-day moving average is $136.96 and its 200-day moving average is $131.54. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.19 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter. Northern Trust had a return on equity of 14.37% and a net margin of 11.99%.The business had revenue of $3.15 billion during the quarter. Equities research analysts expect that Northern Trust will post 8.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Morgan Stanley boosted their price objective on Northern Trust from $127.00 to $131.00 and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Wells Fargo & Company lifted their price objective on shares of Northern Trust from $127.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Northern Trust in a report on Wednesday, October 8th. Finally, Barclays upped their target price on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $136.00.

Check Out Our Latest Report on Northern Trust

Northern Trust Company Profile

(Get Free Report)

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.

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