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Principale » Northern Trust Corporation (NASDAQ:NTRS) Trading Down 8.4% After Earnings Miss

Northern Trust Corporation (NASDAQ:NTRS) Trading Down 8.4% After Earnings Miss

20 Juillet 2017

The Massachusetts-based Cadence Mngmt Ltd Liability has invested 0.05% in Northern Trust Corporation (NASDAQ:NTRS). Bank of The West now owns 3,506 shares of the asset manager's stock worth $341,000 after buying an additional 26 shares during the period.

Northern Trust Corporation (NASDAQ NTRS) traded down 6.57% on Wednesday, reaching $90.97. Company insiders own 1.27% of the company's stock.

Northern Trust Corporation (NASDAQ:NTRS) last announced its quarterly earnings data on Tuesday, April 25th. Northern Trust Corporation had a net margin of 20.20% and a return on equity of 11.96%. Fruth Investment Management's holdings in Northern Trust Corporation were worth $1,407,000 as of its most recent filing with the SEC. For the past 5 days of trading, the stock has seen a move of -0.53%.

The company now has a P/E ratio of 6.18 and the market cap of the company is 6.22B. The asset manager reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by $0.05. Confluence Investment Management LLC now owns 1,029,300 shares of the asset manager's stock valued at $89,117,000 after buying an additional 12,540 shares in the last quarter.

Shares of Northern Trust Corporation (NASDAQ:NTRS) opened at 89.21 on Thursday. Jolley Asset Management LLC boosted its stake in Northern Trust Corporation by 25.9% in the first quarter. Trust Department MB Financial Bank N A boosted its stake in shares of Northern Trust Corporation by 6.5% in the first quarter.

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The stock is trading at $27.08 a bit lower than $27.31, the 50 day moving average and which is slightly above the 200 day moving average of $26.57. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Chesley Taft & Associates LLC raised its position in shares of Northern Trust Corporation by 0.9% in the first quarter. Equities research analysts forecast that Northern Trust Corporation will post $4.82 earnings per share for the current fiscal year. The company's revenue for the quarter was up.5% compared to the same quarter past year. A bullish investor could look at NTRS's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. During the same quarter a year ago, the business posted $1.09 EPS. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $97.00 price objective on shares of Northern Trust Corporation in a research report on Thursday, June 29th.

Northern Trust Corporation declared that its board has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $750.00 million in outstanding shares. About shares traded. Northern Trust Corporation (NASDAQ:NTRS) has risen 22.45% since July 18, 2016 and is uptrending. Finally, Zacks Investment Research upgraded shares of Northern Trust Corporation from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Wednesday, July 12th. Buckingham Research reaffirmed a "neutral" rating and issued a $103.00 price target (up from $93.00) on shares of Northern Trust Corporation in a research note on Monday, July 10th. Also, EVP Susan Gillian Pembleton sold 9,793 shares of Northern Trust Corporation stock in a transaction dated Wednesday, May 24th. Investors of record on Friday, June 2nd were paid a $0.38 dividend. This represents a $1.68 annualized dividend and a yield of 1.73%. This repurchase authorization permits the asset manager to purchase up to 3.4% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average target price of $93.67. Northern Trust Corporation's payout ratio is 34.78%.

WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another publication, it was stolen and reposted in violation of U.S. & global copyright and trademark laws. The correct version of this report can be read at Also, insider Clair Joyce St sold 17,406 shares of the company's stock in a transaction on Friday, April 28th. Also, insider Stephen N. Potter sold 28,469 shares of Northern Trust Corporation stock in a transaction that occurred on Wednesday, July 5th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was sold at an average price of $90.46, for a total value of $18,627,794.58. The disclosure for this sale can be found here. It fall, as 43 investors sold NTRS shares while 197 reduced holdings. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Company's divisions include Corporate & Institutional Services, Wealth Management, and Treasury and Other.

The Company conducts its business through various subsidiaries, including The Northern Trust Company (Bank).