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Wednesday, February 8, 2023

There’s No Getting Around Northern Trust Corporation (NASDAQ: NTRS) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Northern Trust Corporation (NTRS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $91.51. The Northern Trust Corporation has recorded 23,807 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Northern Trust 2023 Outlook: Markets and Economy Pivot from Inflation and Monetary Policy Fears to a Weak Global Economy.

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Stocks Info

NTRS belongs to the Financial sector of the NASDAQ while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $91.51 and fluctuated between $91.97 as its day high and $90.70 as its day low. The current market capitalization of Northern Trust Corporation is $19.29B. A total of 0.71 million shares were traded on the day, compared to an average of 977.40K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NTRS has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 36,875 and the disposition of 2,967 shares. Over the last 12 months, there were 88 BUYs and 34 SELLs from insiders. Insiders purchased 300,096 shares during that period but sold 107,019.

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.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Northern Trust Corporation pays an annual dividend of $3.00, resulting in a dividend yield of 3.28%, and it has a price to earnings (P/E) ratio of 12.47. NTRS’s most recent ex-dividend date was 12/8/2022 when it declared a $0.75 quarterly dividend that was paid in cash on 1/1/2023. Previously, the company paid the dividend on 10/1/2022 with an ex-dividend date of 9/8/2022. The NTRS stock dividend was $0.75 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NTRS in the last 3 months, the mean price target is $100.06 with high estimates of $118.00 and low estimates of $84.00. In terms of 52-week highs and lows, NTRS has a high of $135.15 and a low of $76.15.

As of this writing, NTRS has an earnings estimate of $1.76 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2 per share and a lower estimate of $1.47. The company reported an EPS of $1.86 in the last quarter, which was -3.60% lower than expectations of $1.93.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 18 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 3.73. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 10 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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