Northern Trust Corporation (NTRS) is Upgraded by Citigroup to Neutral

Northern Trust Corporation (NTRS) was Upgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Citigroup advised their investors in a research report released on Jun 28, 2016.

Many Wall Street Analysts have commented on Northern Trust Corporation. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Hold”, Firm has raised the Price Target to $ 73 from a previous price target of $71 .Northern Trust Corporation was Downgraded by Citigroup to ” Sell” on Apr 20, 2016. Northern Trust Corporation was Downgraded by Sandler O’Neill to ” Hold” on Apr 20, 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 closed down -3.83 points or -5.85% at $61.67 with 20,68,882 shares getting traded on Monday. Post opening the session at $64.73, the shares hit an intraday low of $61.32 and an intraday high of $65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 22, 2016, Peter Cherecwich (EVP, Global Fund Services) sold 58,260 shares at $71.78 per share price. According to the SEC, on Mar 7, 2016, Robert P Browne (EVP & Chief Investment Officer) sold 28,000 shares at $64.67 per share price. On Sep 9, 2015, Frederick H Waddell (Chairman and CEO) sold 21,305 shares at $70.44 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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