Media coverage about Northern Trust (NASDAQ:NTRS) has been trending positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Northern Trust earned a news sentiment score of 0.30 on Alpha One’s scale. Alpha One also gave news articles about the asset manager an impact score of 98 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected AlphaOne’s analysis:
- (APC) Shares Sold by Reliance Trust Co. of Delaware (ibusinesslines.com)
- New Docker-Led Application Modernization Program Improves Deployment Velocity for Northern Trust Applications (markets.financialcontent.com)
- Northern Trust (NTRS) Receiving Somewhat Positive Media Coverage, AlphaOne Reports (americanbankingnews.com)
- Northern Trust to Provide Investment Advisory Services to The Grosse Pointe War Memorial (finance.yahoo.com)
- Robert Ashcroft Joins Northern Trust Wealth Management to Lead Business Owner Consulting (finance.yahoo.com)
Northern Trust (NASDAQ:NTRS) traded up 1.67% during midday trading on Thursday, reaching $87.45. The company’s stock had a trading volume of 1,133,139 shares. The stock has a market cap of $20.01 billion, a P/E ratio of 20.24 and a beta of 1.05. The stock’s 50 day moving average is $87.27 and its 200 day moving average is $83.43. Northern Trust has a 12-month low of $61.32 and a 12-month high of $91.14.
Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, January 18th. The asset manager reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Northern Trust had a return on equity of 11.68% and a net margin of 19.76%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Analysts anticipate that Northern Trust will post $4.71 earnings per share for the current year.
NTRS has been the topic of a number of recent research reports. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $105.00 target price (up previously from $83.00) on shares of Northern Trust in a research report on Thursday, December 29th. Barclays PLC upped their target price on Northern Trust from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Zacks Investment Research lowered Northern Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Deutsche Bank AG dropped their target price on Northern Trust from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, April 6th. Finally, Jefferies Group LLC upgraded Northern Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $90.00 to $102.00 in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $84.75.
In other Northern Trust news, insider Clair Joyce St sold 28,469 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $89.44, for a total transaction of $2,546,267.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jana R. Schreuder sold 63,912 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $90.04, for a total value of $5,754,636.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 282,185 shares of company stock worth $24,709,843. 1.90% of the stock is owned by company insiders.
Northern Trust Company Profile
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.
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