Deutsche Bank Maintains Northern Trust Corporation to Hold with Price Target $71.00

Brokerage firm Deutsche Bank Maintains its rating on Northern Trust Corporation(NASDAQ:NTRS). In a research note issued to the investors, the brokerage major Raises the price-target to $71.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Lowers the price-target to $70.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 28, 2016, Citigroup said it Upgrades its rating on Northern Trust Corporation. The shares have been rated ‘Neutral’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Lowers the price-target to $76.00 per share. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, Deutsche Bank said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Hold’ by the firm.

Northern Trust Corporation (NTRS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.21% or 0.14 points. Due to strong positive momentum, the stock ended at $68.32, which is also near the day’s high of $68.48. The stock began the session at $68 and the volume stood at 9,58,097 shares. The 52-week high of the shares is $78.21 and the 52 week low is $54.38. The company has a current market capitalization of $15,481 M and it has 22,65,90,920 shares in outstanding.

Northern Trust Corporation has also declared a cash dividend of $0.3800 on Jul 20, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Oct 1, 2016.

Northern Trust Corporation(NTRS) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.32B. Analysts had an estimated revenue of $1.22B. Earnings per share were $1.06. Analysts had estimated an EPS of $1.06.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Clair Joyce St (Executive Vice President) sold 48,110 shares at $67.02 per share price.Also, On Apr 22, 2016, Peter Cherecwich (EVP, Global Fund Services) sold 58,260 shares at $71.78 per share price.On Mar 7, 2016, Robert P Browne (EVP & Chief Investment Officer) sold 28,000 shares at $64.67 per share price, according to the Form-4 filing with the securities and exchange commission.

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 around the world. The Company’s operating segments include Corporate & Institutional Services (C&IS) Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States Washington D.C. and 20 international locations in Canada Europe the Middle East and the Asia-Pacific region. Asset Management through the Company’s various subsidiaries supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Company’s subsidiary is The Northern Trust Company.

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