Northern Trust Corporation (NASDAQ:NTRS) previous close was $121.50 while the outstanding shares total 208.11M. The firm has a beta of 1.11, a 12-month trailing P/E ratio of 21.50, and a growth ratio of 3.00. NTRS’s shares traded lower over the last trading session, losing -0.85% on 06/02/21. The shares fell to a low of $119.70 before closing at $120.47. Intraday shares traded counted 0.94 million, which was 1.56% higher than its 30-day average trading volume of 959.17K. The stock’s Relative Strength Index (RSI) is 61.56, with weekly volatility at 1.64% and ATR at 2.49. The NTRS stock’s 52-week price range has touched low of $72.64 and a $123.10 high.
Investors have identified the Asset Management company Northern Trust Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $25.13 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Northern Trust Corporation (NTRS) Fundamentals that are to be considered.
NTRS were able to record 57.6 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by 194.9 million. In cash movements, the company had a total of 68.3 million as operating cash flow.
Potential earnings growth for Northern Trust Corporation (NTRS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Northern Trust Corporation recorded a total of 349.9 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -51.24% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -0.77%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 9.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 340.1 million. This allows shareholders to hold on to 208.11M with the recently reported earning now reading 1.71 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (1.70 cents a share).
Having a look at the company’s valuation, the company is expected to record 7.52 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NTRS sounds very interesting.
Is the stock of NTRS attractive?
In related news, Executive Vice President, St Clair Joyce sold 6,568 shares of the company’s stock in a transaction that recorded on May 21. The sale was performed at an average price of 120.00, for a total value of 788,160. As the sale deal closes, the President/C&IS, Cherecwich Peter now sold 15,000 shares of the company’s stock, valued at 1,807,650. Also, EVP & Chief Financial Officer, Tyler Jason J. sold 3,014 shares of the company’s stock in a deal that was recorded on May 14. The shares were price at an average price of 120.03 per share, with a total market value of 361,770. Following this completion of acquisition, the President/Wealth Management, FRADKIN STEVEN L now holds 36,064 shares of the company’s stock, valued at 4,279,743. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
6 out of 19 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Northern Trust Corporation. 5 analysts has assigned a Sell rating on the NTRS stock. The 12-month mean consensus price target for the company’s shares has been set at $116.67.