Large Inflow of Money Detected in Northern Trust Corporation

Northern Trust Corporation (NTRS) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.16. The total value of inflow transactions on upticks was $28.68 million, whereas, the total value of outflow trades on downticks was $24.73 million. The total money flow was $3.95 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.89 million. The total value of the trades done on upticks was $5.2 million. Downticks saw transactions worth $1.31 million. The total uptick to downtick ratio stood at 3.97, mildly in favor of the bulls. Northern Trust Corporation (NTRS) was trading with a -0.95% change over previous days close. It fell $0.64 during the day and reached $66.47. The stock was -0.82% compared to the previous weeks close.


Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Northern Trust Corporation (NASDAQ:NTRS). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $70 per share to $68 per share. The rating by the firm was issued on July 11, 2016.

Northern Trust Corporation (NASDAQ:NTRS): The stock opened at $67.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $67.75 for the day. The stock traded down to $65.15 during the day, due to lack of any buying support eventually closed down at $66.47 with a loss of -0.95% for the day. The stock had closed at $67.11 on the previous day. The total traded volume was 2,774,678 shares.

The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 3.72%. In a related news, Cherecwich Peter, officer (EVP, Global Fund Services) of Northern Trust Corp, unloaded 58,260 shares at an average price of $71.78 on April 21, 2016. The total amount of the transaction was worth $4,181,903, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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