Purchase Of Shares In Northern Trust Corporation (NTRS) By Allnutt Lauren E

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SNOW Stock

As of Friday close, Northern Trust Corporation’s (NASDAQ:NTRS) stock was down -$3.89, moving down -4.54 percent to $81.73. The average number of shares traded per day over the past five days has been 2,422,940 shares. 3 times new highs have been achieved over the past 5 days, with a -$3.19 fall in that time frame. In the last twenty days, the average volume was 1,439,425, while in the previous 50 days, it was 1,271,818.

Since last month, NTRS stock retreated -15.79%. Shares of the company fell to $81.33 on 03/17/23, the lowest level in the past month. A 52-week high of $121.25 was reached on 01/18/23 after having rallying from a 52-week low of $76.15. Since the beginning of this year, NTRS’s stock price has dropped by -7.64% or -$6.76, and marked a new high 9 times. However, the stock has declined by -32.59% since its 52-week high.

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NTRS stock investors should be aware that Northern Trust Corporation (NTRS) stock had its last reported insider trading activity 9 days ago on Mar 09. Allnutt Lauren E, the EVP & Controller of the company, disposed of 559 shares for $87.30 on Mar 09. It resulted in a $48,801 divestment by the insider. Tyler Jason J. sold 1,764 shares at an average price of $96.98 on Feb 06. The insider now owns 30,470 shares following the transaction.

Valuation Metrics

Right now, Northern Trust Corporation (NTRS) has a P/E ratio of about 13.31. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 2.33, the price-to-book (PB) ratio of 1.64, and the price-to-cash flow ratio of 11.51 may also be considered.

The latest dividend of $0.75 per share was paid out, remained unchanged from last year’s $0.75. On Tuesday July 19 2022, a $0.05 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.46, and the total debt-to-equity ratio was 13.38. On the profitability front, the trailing twelve-month gross margin is 90.30% percent. In the year ended December 30, operating margins totaled 23.60%. Based on annual data, NTRS earned $1.89 billion in gross profit and brought in $2.88 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.90%. Return on equity (ROE) for the past 12 months was 12.40%.

In Northern Trust Corporation’s quarter-end financial report for December 30, it reported total debt of $2.07 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Northern Trust Corporation to report $1.8 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by -60.60%. The value of shareholders’ equity is $208.2 million.

Technical Picture

This quick technical analysis looks at Northern Trust Corporation’s (NTRS) price momentum. With a historical volatility rate of 48.65%, the RSI 9-day stood at 28.82% on 17 March.

With respect to its five-day moving average, the current Northern Trust Corporation price is down by -3.76% percent or -$3.19. At present, NTRS shares trade -14.62% below its 20-day simple moving average and +2.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.85% below its SMA50 and -26.86% below its SMA200.

Stochastic coefficient K was 17.61% and Stochastic coefficient D was 21.70%, while ATR was 3.34. Given the Stochastic reading of 2.76% for the 14-day period, the RSI (14) reading has been calculated as 31.56%. As of today, the MACD Oscillator reading stands at -2.43, while the 14-day reading stands at -5.35.

Analyst Ratings

Northern Trust Corporation downgraded its rating on Northern Trust Corporation (NASDAQ: NTRS) to a Neutral in a note to investors on January 04, 2023. The analysts firm previously had a Buy rating on the stock.Northern Trust Corporation (NTRS) has been rated Hold by analysts. According to 2 brokerage firms, NTRS is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Northern Trust Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $95.00, the current consensus forecast for the stock is $84.00 – $118.00. Based on these forecasts, analysts predict Northern Trust Corporation (NTRS) will achieve an average price target of $98.07.


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