Northern Trust Corporation (NTRS) is Downgraded by Sandler O’Neill to Hold

Northern Trust Corporation (NTRS) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Apr 20, 2016.

Many Wall Street Analysts have commented on Northern Trust Corporation. Northern Trust Corporation was Downgraded by Citigroup to ” Sell” on Apr 20, 2016. Northern Trust Corporation was Upgraded by Sandler O’Neill to ” Buy” on Jan 22, 2016.

On the company’s financial health, Northern Trust Corporation reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.95. The company had revenue of $1190.00 million for the quarter, compared to analysts expectations of $1176.54 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Northern Trust Corporation opened for trading at $67.49 and hit $68.46 on the upside on Monday, eventually ending the session at $68.29, with a gain of 1.05% or 0.71 points. The heightened volatility saw the trading volume jump to 13,93,216 shares. Company has a market cap of $15,637 M.

In a different news, on Mar 7, 2016, Robert P Browne (EVP & Chief Investment Officer) sold 28,000 shares at $64.67 per share price. According to the SEC, on Sep 9, 2015, Frederick H Waddell (Chairman and CEO) sold 21,305 shares at $70.44 per share price. On Jul 31, 2015, William L Morrison (President) sold 78,882 shares at $77.14 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.

Northern Trust Corporation

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