Northern Trust Corp (NASDAQ: NTRS) is 26.62% higher on its value in year-to-date trading and has touched a low of $69.98 and a high of $108.53 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 $106.95 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $106.84, the stock is 5.01% and 12.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.10% at the moment leaves the stock 23.01% off its SMA200. NTRS registered 50.52% gain for a year compared to 6-month gain of 23.59%. The firm has a 50-day simple moving average (SMA 50) of $94.9332 and a 200-day simple moving average (SMA200) of $86.85175.
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The stock witnessed a 13.20% loss in the last 1 month and extending the period to 3 months gives it a 23.90%, and is 0.25% 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 1.39% over the week and 2.00% over the month.
Northern Trust Corp (NTRS) has around 23100 employees, a market worth around $21.18B and $15.06B in sales. Current P/E ratio is 13.30 and Fwd P/E is 14.05. Profit margin for the company is 10.84%. Distance from 52-week low is 52.67% and -1.56% from its 52-week high. The company has generated returns on investments over the last 12 months (8.31%).
The EPS is expected to grow by 26.98% this year
1011.0 institutions hold shares in Northern Trust Corp (NTRS), with institutional investors hold 86.71% of the company’s shares. The shares outstanding are 205.13M, and float is at 195.16M with Short Float at 0.91%. Institutions hold 86.18% 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 South Thomas A, the company’s Executive Vice President. SEC filings show that South Thomas A sold 5,000 shares of the company’s common stock on Nov 07 ’24 at a price of $105.80 per share for a total of $0.53 million. Following the sale, the insider now owns 49756.0 shares.
Northern Trust Corp disclosed in a document filed with the SEC on Nov 07 ’24 that Cherecwich Peter (Chief Operating Officer) sold a total of 16,153 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $105.18 per share for $1.7 million. Following the transaction, the insider now directly holds 4397.0 shares of the NTRS stock.
Still, SEC filings show that on Nov 07 ’24, Peter Cherecwich (Affiliate) Proposed Sale 16,153 shares at an average price of $106.57 for $1.72 million. The insider now directly holds shares of Northern Trust Corp (NTRS).
