(VIANEWS) – Shares of Northern Trust (NASDAQ: NTRS) rose 9.09% to $78.21 at 10:23 EST on Wednesday, following the last session’s upward trend. NASDAQ is jumping 0.25% to $14,389.38, after two consecutive sessions in a row of gains. This seems, at the moment, a somewhat positive trend exchanging session today.
Northern Trust’s last close was $71.70, 31.43% below its 52-week high of $104.57.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois.
Earnings Per Share
As for profitability, Northern Trust has a trailing twelve months EPS of $5.78.
PE Ratio
Northern Trust has a trailing twelve months price to earnings ratio of 13.53. Meaning, the purchaser of the share is investing $13.53 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 11.14%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 7, 2023, the estimated forward annual dividend rate is 3 and the estimated forward annual dividend yield is 4.21%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 12.9% and a negative 13.3%, respectively.
Yearly Top and Bottom Value
Northern Trust’s stock is valued at $78.21 at 10:23 EST, way under its 52-week high of $104.57 and way above its 52-week low of $69.54.
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