Northern Trust Corp. (NASDAQ: NTRS) is 9.23% higher on its value in year-to-date trading and has touched a low of $62.44 and a high of $92.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTRS stock was last observed hovering at around $91.09 in the last trading session, with the day’s gains setting it 1.08%.
Currently trading at $92.17, the stock is 1.78% and 4.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 1.19% at the moment leaves the stock 8.72% off its SMA200. NTRS registered 34.85% gain for a year compared to 6-month gain of 9.95%. The firm has a 50-day simple moving average (SMA 50) of $88.2904 and a 200-day simple moving average (SMA200) of $84.7739.
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The stock witnessed a 5.40% loss in the last 1 month and extending the period to 3 months gives it a 2.03%, and is 1.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.50% over the week and 1.64% over the month.
Northern Trust Corp. (NTRS) has around 23100 employees, a market worth around $18.59B and $14.25B in sales. Current P/E ratio is 12.62 and Fwd P/E is 13.05. Profit margin for the company is 10.49%. Distance from 52-week low is 47.63% and -0.69% from its 52-week high. The company has generated returns on investments over the last 12 months (7.68%).
with sales reaching $1.88B over the same period.The EPS is expected to grow by 15.25% this year, but quarterly earnings will post 11.00% year-over-year.
Northern Trust Corp. (NTRS) Top Institutional Holders
994.0 institutions hold shares in Northern Trust Corp. (NTRS), with institutional investors hold 84.99% of the company’s shares. The shares outstanding are 205.13M, and float is at 198.59M with Short Float at 1.63%. Institutions hold 84.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.95 million shares valued at $1.93 billion. The investor’s holdings represent 11.2166% of the NTRS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 16.64 million shares valued at $1.4 billion to account for 8.1342 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 15.54 million shares representing 7.596% and valued at over $1.31 billion, while STATE STREET CORP holds 4.3035 of the shares totaling 8.81 million with a market value of $746.08 million.
Northern Trust Corp. (NTRS) Insider Activity
The most recent transaction is an insider sale by Tribbett Charles A, the company’s Director. SEC filings show that Tribbett Charles A sold 1,855 shares of the company’s common stock on Sep 13 ’24 at a price of $88.12 per share for a total of $0.16 million. Following the sale, the insider now owns 1000.0 shares.
Still, SEC filings show that on Aug 27 ’24, Gossett Mark C (Executive Vice President) disposed off 6,000 shares at an average price of $88.90 for $0.53 million. The insider now directly holds 28,707 shares of Northern Trust Corp. (NTRS).
