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NEW YORK ( TheStreet) -- Northern Trust Corporation (Nasdaq: NTRS) hit a new 52-week low Thursday as it is currently trading at $33.95, below its previous 52-week low of $34.68 with 424,599 shares traded as of 10:06 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. Northern Trust has a market cap of $8.6 billion and is part of the financial sector and banking industry. Shares are down 35.7% year to date as of the close of trading on Wednesday. Northern Trust Corporation, through its subsidiaries, provides investment management, asset and fund administration, banking solutions, and fiduciary services for corporations, institutions, and affluent individuals worldwide. The company has a P/E ratio of 14.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.