Northern Trust Corporation (NTRS) : Traders are bullish on Northern Trust Corporation (NTRS) as it has outperformed the S&P 500 by a wide margin of 1.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 2.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Northern Trust Corporation has dropped 4.14% during the last 3-month period . Year-to-Date the stock performance stands at -3.86%. The stock has recorded a 20-day Moving Average of 0.94% and the 50-Day Moving Average is 1.7%.
Northern Trust Corporation (NASDAQ:NTRS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.36 and $68.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.57, notching a gain of 0.42% for the day. The total traded volume was 839,532 . The stock had closed at $68.28 on the previous day.
Also, Deutsche Bank maintains its rating on Northern Trust Corporation (NASDAQ:NTRS). The global brokerage major raises the current price target from $70 per share to $71 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. 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.