Northern Trust Corp. stock trades under the ticker NTRS & has shown recent bullishness that traders & investors should take a closer look into.
NTRS stock closed at $122.64/share on 2/7/2022.
Northern Trust Corp. NTRS Stock’s Technicals Broken Down
NTRS Stock Price: $122.64
10 Day Moving Average: $118.08
50 Day Moving Average: $120.50
200 Day Moving Average: $116.57
RSI: 53.9
MACD: -0.724
Yesterday, NTRS stock completed a bullish MACD crossover, on higher than average volume for the year.
With ~2% between the 10 & 50 Day Moving Averages, there looks to be additional momentum coming to help them break through the next levels of resistance, particularly as their RSI is neutral.
Their next tests of resistance will be at $125.73 & $130.97.
Northern Trust Corp. NTRS Stock As A Long-Term Investment
Long-term investors will like NTRS stock’s valuation metrics, with a P/E (ttm) of 16.75 & a P/B (mrq) 2.23.
They also had 10.1% Quarterly Revenue Growth Y-o-Y & 68.7% Quarterly Earnings Growth Y-o-Y.
NTRS stock’s balance sheet does require a closer look though, with Total Cash (mrq) of $1.93B & Total Debt (mrq) of $7.77B.
Their 2.3% dividend yield also appears safe, as their payout ratio is 39.22%.
82.81% of NTRS stock’s outstanding share float is held by institutional investors.
Northern Trust Corp. NTRS Stock As A Short-Term Trade Using Options
NTRS stock has options that can be traded in order to take advantage of their price movements in either direction.
I am looking at the contracts with the 2/18 expiration date.
The $120 & $125 calls look appealing, although they have low open interest.
The $130 & $125 puts also look interesting from a hedging perspective.
Tying It All Together
Overall, Northern Trust Corp. stock has many characteristics that traders of all styles will appreciate.
Long-term oriented investors will like their valuation metrics, as well as their dividend yield.
Short-term focused traders will like their current momentum pace, despite their options having mediocre open interest levels.
NTRS stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF NTRS STOCK ***