CLSA Maintains Northern Trust Corporation to Underperform with Price Target $73.00

Brokerage firm CLSA 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 $73.00 per share. The shares have been rated Underperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Sep 9, 2016, Deutsche Bank said it Maintains its rating on Northern Trust Corporation. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 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. 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.

Northern Trust Corporation (NTRS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.13% or 0.09 points. Due to strong positive momentum, the stock ended at $67.55, which is also near the day’s high of $67.675. The stock began the session at $67.2 and the volume stood at 10,04,126 shares. The 52-week high of the shares is $76.11 and the 52 week low is $54.38. The company has a current market capitalization of $15,306 M and it has 22,65,90,920 shares in outstanding.

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 Sep 9, 2016, Frederick H Waddell (Chairman and CEO) sold 160,367 shares at $69.81 per share price.Also, On Sep 8, 2016, Biff Bowman (Chief Financial Officer) sold 2,960 shares at $70.00 per share price.On Sep 2, 2016, Jeffrey D. Cohodes (EVP/Chief Risk Officer) sold 10,000 shares at $71.35 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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