Northern Trust Corporation (NTRS) has risen sharply, recording gains of 1.21% in the past 4 weeks. However, the stock has corrected -1.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 0.12%. Northern Trust Corporation (NASDAQ:NTRS): On Fridays trading session , Opening price of the stock was $67.92 with an intraday high of $67.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.51. However, the stock managed to close at $67.83, a loss of 1.17% for the day. On the previous day, the stock had closed at $68.63. The total traded volume of the day was 941,733 shares.
The company Insiders own 1.9% of Northern Trust Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.49% . Institutional Investors own 82.28% of Northern Trust Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -19.05%. Also, Major Brokerage house, Deutsche Bank maintains its ratings on Northern Trust Corporation (NASDAQ:NTRS). In the latest research report, Deutsche Bank raises the target price from $70 per share to $71 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 5, 2016.
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 Companys 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 Companys 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 Companys subsidiary is The Northern Trust Company.