November 28, 2016 - By Vivian Park · 0 Comments
Northern Trust Corp (NASDAQ:NTRS) institutional sentiment decreased to 1.04 in 2016 Q2. Its down -0.01, from 1.05 in 2016Q1. The ratio is negative, as 218 institutional investors increased and opened new holdings, while 208 reduced and sold stock positions in Northern Trust Corp. The institutional investors in our partner’s database reported: 183.41 million shares, down from 185.99 million shares in 2016Q1. Also, the number of institutional investors holding Northern Trust Corp in their top 10 holdings was flat from 5 to 5 for the same number . Sold All: 40 Reduced: 168 Increased: 170 New Position: 48.
Northern Trust Corporation is a financial holding company. The company has a market cap of $18.63 billion. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. It has a 19.53 P/E ratio. The Company’s divisions include Corporate & Institutional Services , Wealth Management, and Treasury and Other.
The stock increased 0.16% or $0.13 on November 25, hitting $82.15. Northern Trust Corporation (NASDAQ:NTRS) has risen 14.62% since April 25, 2016 and is uptrending. It has outperformed by 8.61% the S&P500.
Analysts await Northern Trust Corporation (NASDAQ:NTRS) to report earnings on January, 18. They expect $1.13 earnings per share, up 14.14% or $0.14 from last year’s $0.99 per share. NTRS’s profit will be $256.26M for 18.17 P/E if the $1.13 EPS becomes a reality. After $1.08 actual earnings per share reported by Northern Trust Corporation for the previous quarter, Wall Street now forecasts 4.63% EPS growth.
According to Zacks Investment Research, “Northern Trust Corp. is a multi-bank holding company with worldwide locations and is a provider of treasury management, master trust, custody, retirement, risk and performance, international and investment management services for corporations, large institutions and individuals. Northern Trust has earned distinction as a leading provider of personal fiduciary, asset management, personal and private banking, and master trust/custody, global custody and treasury management services.”
Nuance Investments Llc holds 4.4% of its portfolio in Northern Trust Corporation for 641,461 shares. Bush Odonnell Investment Advisors Inc owns 80,002 shares or 3.53% of their US portfolio. Moreover, Speece Thorson Capital Group Inc has 3.43% invested in the company for 238,777 shares. The Massachusetts-based Wilkins Investment Counsel Inc has invested 2.73% in the stock. Fairpointe Capital Llc, a Illinois-based fund reported 1.72 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 37 insider sales for $151.44 million net activity.
Ratings analysis reveals 38% of Northern Trust Corporation’s analysts are positive. Out of 8 Wall Street analysts rating Northern Trust Corporation, 3 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $62 while the high is $85. The stock’s average target of $72.89 is -11.27% below today’s ($82.15) share price. NTRS was included in 30 notes of analysts from August 6, 2015. As per Friday, January 8, the company rating was maintained by Deutsche Bank. The stock of Northern Trust Corporation (NASDAQ:NTRS) earned “Outperform” rating by RBC Capital Markets on Thursday, January 21. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Deutsche Bank on Friday, May 27 with “Hold”. On Thursday, October 22 the stock rating was maintained by Barclays Capital with “Equal-Weight”. UBS upgraded Northern Trust Corporation (NASDAQ:NTRS) on Friday, October 2 to “Neutral” rating. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Sell” rating given on Wednesday, April 20 by Citigroup. Deutsche Bank maintained the stock with “Hold” rating in Thursday, March 17 report. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, January 22 report. The firm has “Hold” rating given on Monday, October 10 by .
Northern Trust Corporation, incorporated on August 23, 1971, is a financial holding company. The Firm provides asset servicing, fund administration, asset management, fiduciary and banking solutions for firms, institutions, families and individuals around the world. The Company’s divisions include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other. The Firm conducts its business through various the United States and non-United States subsidiaries, including The Northern Trust Company (Bank). Asset Management, through the Company’s subsidiaries, supports the C&IS and Wealth Management divisions by providing a range of asset management and related services, and other products to clients around the world.
More recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Nasdaq.com which released: “Northern Trust Corp (NTRS) Chairman, President and CEO Frederick H Waddell …” on November 17, 2016. Also Forbes.com published the news titled: “Northern Trust Reaches Analyst Target Price” on November 08, 2016. Businesswire.com‘s news article titled: “Northern Trust Names Michael G. O’Grady President” with publication date: November 15, 2016 was also an interesting one.
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By Vivian Park