Professional
Added to YB: 2024-01-12
Pitch date: 2024-01-12
NTRS [bullish]
Northern Trust Corporation
+76.22%
current return
Author Info
No bio for this author
Company Info
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide.
Market Cap
$23.8B
Pitch Price
$78.61
Price Target
N/A
Dividend
2.54%
EV/EBITDA
N/A
P/E
14.69
EV/Sales
N/A
Sector
Capital Markets
Category
value
Heartland Mid Cap holding: Northern Trust ($NTRS)
$NTRS: 70%+ fee rev from asset servicing & wealth mgmt for institutions & HNW; wage inflation & AUM hit AS margins; 15% balance sheet shrinkage from Fed hikes; but credit risk low & P/E 14.9 < 20yr median despite 30% EPS forecast cut; long-term opportunity.
Read full article (1 min)