Economy

Northern Trust Corp. Announces 16% Advance In Q3 Earnings

07/10/2017 - Northern Trust Corporation had its "neutral" rating reiterated by analysts at Buckingham Research.

05/26/2017 - Northern Trust Corporation had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. Morgan Stanley reissued an "underweight" rating and issued a $86.00 price objective (up previously from $80.00) on shares of Northern Trust Corporation in a research note on Friday, July 7th. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. According to First Call, the current consensus target price on shares is sitting at $95.66. At current stock price levels, we have noted that NTRS's stock price is separated -8.26% from the 52 week high and 31.15% off of the 52 week low. Raymond James upgraded Northern Trust Corporation (NASDAQ:NTRS) on Tuesday, October 13 to "Strong Buy" rating. The stock has a market capitalization of $21.33 billion, a PE ratio of 21.19 and a beta of 0.93. Despite the cheap price tag, let's take a closer look at the recent performance and where the price is situated in comparison to its averages.

Northern Trust Corporation (NASDAQ:NTRS) last released its earnings results on Wednesday, July 19th. The asset manager reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.08.

Northern Trust Corporation had its "neutral" rating reiterated by analysts at Citigroup. (NTRS) reported a profit for its third quarter that advanced compared to the same period a year ago. Northern Trust Corporation's quarterly revenue was up 11.2% compared to the same quarter previous year. For the past month, shares are 2.89%.

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The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. About 1,971 shares traded.

04/20/2016 - Northern Trust Corporation was downgraded to "hold" by analysts at Sandler O'Neill. Insiders have sold a total of 166,094 shares of company stock worth $15,115,309 over the last quarter. On the flip side, the stock is -3.27% away from the 52 week high. A rating of 4 or 5 would represent a Sell recommendation.

In other news, insider Teresa Parker sold 11,399 shares of the business's stock in a transaction that occurred on Friday, July 21st. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Analysts have also given a consensus recommendation on the stock of 2.60. At the time of writing, the stock had reached $96.05. The disclosure for this sale can be found here. (NYSE:DKS) traded down -0.72% in the last session while performance was up 24.67% in the last five days.

Institutional investors have recently added to or reduced their stakes in the company. Peak6 Investments Limited Partnership holds 0% of its portfolio in MiMedx Group Inc (NASDAQ:MDXG) for 14,676 shares. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager's stock worth $105,000 after purchasing an additional 83 shares during the last quarter. Forte Ltd Liability Corp Adv has invested 0.19% in Northern Trust Corporation (NASDAQ:NTRS). Huntington National Bank now owns 1,089 shares of the asset manager's stock worth $106,000 after purchasing an additional 382 shares during the last quarter. The value of the total investment in Northern Trust Corporation went from $0 to $27,000 a change of inf% since the last quarter. The total value of its holdings increased 0.9%. Bessemer Group Inc. now owns 1,461 shares of the asset manager's stock worth $143,000 after purchasing an additional 211 shares during the last quarter. Moreover, British Columbia Inv Management has 0.09% invested in Northern Trust Corporation (NASDAQ:NTRS) for 113,097 shares. Cetera Advsrs Ltd Liability Corporation invested 0.01% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. The Company's Regenerative Biomaterials segment includes the design, manufacture, and marketing of products and tissue processing services for the Wound Care, Surgical, Sports Medicine, Ophthalmic and Dental market categories.



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