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Friday, December 2, 2022

This Is Too Hot For Northern Trust Corporation (NASDAQ: NTRS), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Northern Trust Corporation (NTRS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$2.77, or +3.14%, to $90.99. Volume reached 24,755 shares, with price reaching a high of $90.99 and a low of $90.99. Most recently, Yahoo Finance reported about the stock as it publicized that Northern Trust’s Commitment to Diversity, Equity, & Inclusion.


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Stocks Info

As a NASDAQ listed company, NTRS falls under the Financial sector while operating within the Asset Management industry segment. At the end of the last regular session, the stock closed at $90.99 and fluctuated between $91.02 as its day high and $88.65 as its day low. The current market capitalization of Northern Trust Corporation is $19.12B. A total of 1.06 million shares were traded on the day, compared to an average of 931.92K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NTRS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 2,040 and the disposition of 0 shares. Over the last 12 months, there were 89 BUYs and 43 SELLs from insiders. Insiders purchased 376,224 shares during that period but sold 260,408.

In the most recent transaction, Allnutt Lauren E sold 393 shares of NTRS for 105.61 per share on Mar 10. After the transaction, the EVP & Controller now owns 4,534 company shares. In a previous transaction on Jan 31, Tyler Jason J. sold 1,936 shares at 115.60 per share. NTRS shares that EVP & Chief Financial Officer owns now total 23,286.

Among the insiders who sold shares, O’Grady Michael disposed of 48,110 shares on Dec 09 at a per-share price of $119.03. This resulted in the Chairman, President and CEO holding 55,692 shares of NTRS after the transaction. In another insider transaction, South Thomas A sold 2,000 shares at $118.22 per share on Dec 09. Company shares held by the Executive Vice President now total 20,621.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Northern Trust Corporation pays an annual dividend of $3.00, resulting in a dividend yield of 3.30%, and it has a price to earnings (P/E) ratio of 12.39. NTRS’s most recent ex-dividend date was 09/08/2022 when it declared a $0.75 quarterly dividend that was paid in cash on 10/01/2022. Previously, the company paid the dividend on 07/01/2022 with an ex-dividend date of 06/09/2022. The dividend was $0.70 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NTRS in the last 3 months, the mean price target is $110.73 with high estimates of $128.00 and low estimates of $92.00. In terms of 52-week highs and lows, NTRS has a high of $135.15 and a low of $84.07.

As of this writing, NTRS has an earnings estimate of $1.84 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.93 per share and a lower estimate of $1.79. The company reported an EPS of $1.86 in the last quarter, which was -2.11% lower than expectations of $1.9.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTRS is Underweight with a score of 4.00. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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