Northern Trust Corporation (Nasdaq:NTRS) hit a new 52-week high Thursday as it is currently trading at $48.39, above its previous 52-week high of $48.31 with 362,976 shares traded as of 1:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Northern Trust Corporation (Nasdaq: NTRS) hit a new 52-week high Thursday as it is currently trading at $48.39, above its previous 52-week high of $48.31 with 362,976 shares traded as of 1:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Northern Trust has a market cap of $11.41 billion and is part of the financial sector and banking industry. Shares are up 19.6% year to date as of the close of trading on Wednesday. Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, and fiduciary and banking solutions for corporations, institutions, families, and individuals worldwide. The company has a P/E ratio of 18.1, above the average banking industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.
ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
TheStreet Ratings rates Northern Trust as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Northern Trust Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.