Citigroup Upgrades Northern Trust Corporation to Neutral

Brokerage firm Citigroup Upgrades its rating on Northern Trust Corporation(NASDAQ:NTRS). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Citigroup was issued on Jun 28, 2016.

In a different note, 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. On Apr 20, 2016, Citigroup said it Downgrades its rating on Northern Trust Corporation. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Sell’ by the firm. On Apr 8, 2016, Jefferies said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Lowers the price-target to $69.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 5, 2016, Deutsche Bank said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Hold’ by the firm.

Northern Trust Corporation (NTRS) shares turned negative on Fridays trading session with the shares closing down -1.03 points or -1.55% at a volume of 12,54,237. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.27. The peak price level was also seen at $66.27 while the days lowest was $65.2. Finally the shares closed at $65.23. The 52-week high of the shares is $79.25 while the 52-week low is $54.38. According to the latest information available, the market cap of the company is $14,883 M.

Northern Trust Corporation(NTRS) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.19B. Analysts had an estimated revenue of $1.18B. Earnings per share were $1.01. Analysts had estimated an EPS of $0.94.

Several Insider Transactions has been reported to the SEC. On Apr 22, 2016, Peter Cherecwich (EVP, Global Fund Services) sold 58,260 shares at $71.78 per share price.Also, On Mar 7, 2016, Robert P Browne (EVP & Chief Investment Officer) sold 28,000 shares at $64.67 per share price.On Sep 9, 2015, Frederick H Waddell (Chairman and CEO) sold 21,305 shares at $70.44 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *