The price of Northern Trust Corp. (NASDAQ: NTRS) closed at $80.92 in the last session, down -1.26% from day before closing price of $81.95. In other words, the price has decreased by -$1.03 from its previous closing price. On the day, 907815 shares were traded.
Ratios:
We take a closer look at NTRS’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 0.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on January 30, 2024, Downgraded its rating to Underweight and sets its target price to $86 from $82 previously.
On January 09, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $68 to $99.
Wolfe Research Downgraded its Peer Perform to Underperform on January 03, 2024, while the target price for the stock was maintained at $85.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 22 ’24 when FRADKIN STEVEN L sold 30,392 shares for $80.11 per share. The transaction valued at 2,434,703 led to the insider holds 55,707 shares of the business.
Tyler Jason J. bought 400 shares of NTRS for $25,076 on Oct 25 ’23. The EVP & Chief Financial Officer now owns 41,477 shares after completing the transaction at $62.69 per share. On Oct 24 ’23, another insider, Levy Susan Cohen, who serves as the EVP and General Counsel of the company, bought 5,000 shares for $64.41 each. As a result, the insider paid 322,050 and bolstered with 31,085 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NTRS now has a Market Capitalization of 16.51B. As of this moment, Northern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.95, and their Forward P/E ratio for the next fiscal year is 12.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.51.
Stock Price History:
Over the past 52 weeks, NTRS has reached a high of $90.59, while it has fallen to a 52-week low of $62.44. The 50-Day Moving Average of the stock is 81.50, while the 200-Day Moving Average is calculated to be 76.23.
Shares Statistics:
According to the various share statistics, NTRS traded on average about 1.38M shares per day over the past 3-months and 1.83M shares per day over the past 10 days. A total of 205.13M shares are outstanding, with a floating share count of 200.31M. Insiders hold about 2.21% of the company’s shares, while institutions hold 85.29% stake in the company. Shares short for NTRS as of Feb 29, 2024 were 1.99M with a Short Ratio of 1.44, compared to 2.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.97% and a Short% of Float of 1.11%.
Dividends & Splits
The forward annual dividend rate for NTRS is 3.00, which was 3.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.66%, it implies a Forward Annual Dividend Yield of 3.71%. The stock’s 5-year Average Dividend Yield is 3.02. The current Payout Ratio is 59.08% for NTRS, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Dec 10, 1999 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.38 for the current quarter, with a high estimate of $1.59 and a low estimate of $0.86, while EPS last year was $1.51. The consensus estimate for the next quarter is $1.58, with high estimates of $1.65 and low estimates of $1.46.
Analysts are recommending an EPS of between $6.5 and $5.45 for the fiscal current year, implying an average EPS of $6.17. EPS for the following year is $6.72, with 15 analysts recommending between $7.2 and $6.04.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $1.73B. It ranges from a high estimate of $1.8B to a low estimate of $1.56B. As of the current estimate, Northern Trust Corp.’s year-ago sales were $1.78B, an estimated decrease of -2.80% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.78B, an increase of 0.90% over than the figure of -$2.80% in the same quarter last year. There is a high estimate of $1.8B for the next quarter, whereas the lowest estimate is $1.76B.
A total of 13 analysts have provided revenue estimates for NTRS’s current fiscal year. The highest revenue estimate was $8.03B, while the lowest revenue estimate was $6.89B, resulting in an average revenue estimate of $7.19B. In the same quarter a year ago, actual revenue was $6.83B, up 5.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $7.43B in the next fiscal year. The high estimate is $7.7B and the low estimate is $7.17B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.
