Why Northern Trust Corp’s (NTRS) Stock Is Up 4.67%

By AAII Staff
June 12, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Northern Trust Corp before investing.

In this article, we go over a few key elements for understanding Northern Trust Corp’s stock price such as:

  • Northern Trust Corp’s current stock price and volume
  • Why Northern Trust Corp’s stock price changed recently
  • Upgrades and downgrades for NTRS from analysts
  • NTRS’s stock price momentum as measured by its relative strength

About Northern Trust Corp (NTRS)

Before we jump into Northern Trust Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Northern Trust Corporation is a provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families, and individuals. The Company’s segments include Asset Servicing and Wealth Management. Asset Servicing is a global provider of asset servicing and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. Asset servicing and related services, including custody; fund administration; investment operations outsourcing; investment management; investment risk and analytical services, and employee benefit services. Wealth Management segment provides trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking.

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Northern Trust Corp’s Stock Price as of Market Close

As of June 12, 2024, 4:00 PM, CST, Northern Trust Corp’s stock price was $83.57.

Northern Trust Corp is up 4.67% from its previous closing price of $79.84.

During the last market session, Northern Trust Corp’s stock traded between $79.68 and $82.76. Currently, there are 204.63 million shares of Northern Trust Corp stock available for purchase.

Northern Trust Corp’s price-earnings (P/E) ratio is currently at 17.7, which is high compared to the Investment Management & Fund Operators industry median of 13.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Northern Trust Corp Stock Price History

Northern Trust Corp’s (NTRS) price is currently down 0.8% so far this month.

During the month of June, Northern Trust Corp’s stock price has reached a high of $84.84 and a low of $79.68.

Over the last year, Northern Trust Corp has hit prices as high as $89.25 and as low as $62.44. Year to date, Northern Trust Corp’s stock is down 5.56%.

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What Caused Northern Trust Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 11, 2024, there was 1 analyst who downgraded Northern Trust Corp’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Northern Trust Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Northern Trust Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Northern Trust Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Northern Trust Corp (NTRS) by visiting AAII Stock Evaluator.

Relative Price Strength of Northern Trust Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 11, 2024, Northern Trust Corp has a weighted four-quarter relative price strength of -3.58%, which translates to a Momentum Score of 57 and is considered to be Average.

Want to learn more about how Northern Trust Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Northern Trust Corp Stock Price: Bottom Line

As of June 12, 2024, Northern Trust Corp’s stock price is $83.57, which is up 4.67% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Northern Trust Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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