As of Wednesday close, Northern Trust Corporation’s (NASDAQ:NTRS) stock was down -$0.43, moving down -0.56 percent to $76.52. The average number of shares traded per day over the past five days has been 784,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.48 fall in that time frame. In the last twenty days, the average volume was 1,046,605, while in the previous 50 days, it was 1,453,842.
Since last month, NTRS stock rose 6.72%. Shares of the company fell to $70.12 on 07/17/23, the lowest level in the past month. A 52-week high of $104.57 was reached on 01/18/23 after having rallying from a 52-week low of $69.54. Since the beginning of this year, NTRS’s stock price has dropped by -13.53% or -$11.97, and marked a new high 9 times. However, the stock has declined by -26.82% since its 52-week high.
NTRS stock investors should be aware that Northern Trust Corporation (NTRS) stock had its last reported insider trading activity 161 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 13.72. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 1.48, and the price-to-cash flow ratio of 6.92 may also be considered.
The latest dividend of $0.75 per share was paid out, remained unchanged from last year’s $0.75.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 13.09. On the profitability front, the trailing twelve-month gross margin is 73.60% percent. In the year ended June 29, operating margins totaled 17.40%. 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 11.10%.
In Northern Trust Corporation’s quarter-end financial report for June 29, it reported total debt of $2.06 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 $1.62 quarterly earnings, the actual figure was $1.56 per share, beating the consensus estimate by -3.70%. The value of shareholders’ equity is $207.0 million.
Technical Picture
This quick technical analysis looks at Northern Trust Corporation’s (NTRS) price momentum. With a historical volatility rate of 15.52%, the RSI 9-day stood at 36.19% on 16 August.
With respect to its five-day moving average, the current Northern Trust Corporation price is down by -3.14% percent or -$2.48. At present, NTRS shares trade -5.86% below its 20-day simple moving average and -8.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.92% above its SMA50 and -7.53% below its SMA200.
Stochastic coefficient K was 12.20% and Stochastic coefficient D was 29.30%, while ATR was 1.78. Given the Stochastic reading of 5.42% for the 14-day period, the RSI (14) reading has been calculated as 44.25%. As of today, the MACD Oscillator reading stands at -1.67, while the 14-day reading stands at -2.10.
Analyst Ratings
Northern Trust Corporation downgraded its rating on Northern Trust Corporation (NASDAQ: NTRS) to a Neutral in a note to investors on July 10, 2023. The analysts firm previously had a Buy rating on the stock.Northern Trust Corporation (NTRS) has been rated Hold by analysts. According to 1 brokerage firm, NTRS is a sell, and 14 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 2 recommending it as overweight.
With a median target price of $83.50, the current consensus forecast for the stock is $73.00 – $100.00. Based on these forecasts, analysts predict Northern Trust Corporation (NTRS) will achieve an average price target of $85.11.
