Northern Trust Corporation (NTRS) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.06. The company posted revenue of $1316.70 million in the period, compared to analysts expectations of $1222.61 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on Northern Trust Corporation. Shares were Downgraded by Goldman on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 71 from a previous price target of $82 .Northern Trust Corporation was Upgraded by Citigroup to ” Neutral” on Jun 28, 2016. 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 opened for trading at $67.15 and hit $67.6399 on the upside on Monday, eventually ending the session at $67.42, with a gain of 0.60% or 0.4 points. The heightened volatility saw the trading volume jump to 7,84,262 shares. Company has a market cap of $15,383 M.
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 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.