As of Thursday close, Northern Trust Corporation’s (NASDAQ:NTRS) stock was down -$0.33, moving down -0.47 percent to $69.54. The average number of shares traded per day over the past five days has been 1,058,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.92 fall in that time frame. In the last twenty days, the average volume was 1,202,475, while in the previous 50 days, it was 1,346,114.
Since last month, NTRS stock retreated -6.36%. Shares of the company fell to $69.03 on 09/21/23, the lowest level in the past month. A 52-week high of $100.25 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 -21.41% or -$18.95, and marked a new high 9 times. However, the stock has declined by -30.63% 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 197 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 12.47. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 1.34, and the price-to-cash flow ratio of 6.36 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 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 37.20%, the RSI 9-day stood at 25.73% on 21 September.
With respect to its five-day moving average, the current Northern Trust Corporation price is down by -5.34% percent or -$3.92. At present, NTRS shares trade -7.75% below its 20-day simple moving average and -11.03% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.82% below its SMA50 and -24.13% below its SMA200.
Stochastic coefficient K was 4.67% and Stochastic coefficient D was 12.43%, while ATR was 1.77. Given the Stochastic reading of 5.60% for the 14-day period, the RSI (14) reading has been calculated as 30.94%. As of today, the MACD Oscillator reading stands at -2.12, while the 14-day reading stands at -3.66.
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 0 brokerage firms, 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 $83.00, the current consensus forecast for the stock is $73.00 – $94.00. Based on these forecasts, analysts predict Northern Trust Corporation (NTRS) will achieve an average price target of $83.27.
