Northern Trust stock hits 52-week high at 119.06 USD

Northern Trust stock (market cap: $23.45B) reached a significant milestone by hitting a 52-week high of 119.06 USD. According to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 10.36 and offers a dividend yield of 2.68%. This achievement reflects a notable 33.94% increase over the past year, underscoring a period of robust performance and investor confidence. The financial services company has seen its stock price rise steadily, with a YTD return of 10.76%. InvestingPro research reveals the company has maintained dividend payments for 55 consecutive years, demonstrating remarkable financial stability. Based on InvestingPro's Fair Value analysis, the stock appears slightly undervalued, suggesting potential upside. Discover more insights with InvestingPro's comprehensive research report, available for Northern Trust and 1,400+ other US stocks.

In other recent news, Northern Trust Corporation (NASDAQ:NTRS) reported its financial results for the first quarter of 2025, surpassing earnings per share (EPS) forecasts and meeting revenue expectations. The company posted an EPS of $1.90, slightly above the forecasted $1.84, and reported revenues of $1.95 billion, aligning with projections. Additionally, Northern Trust raised its full-year net interest income guidance, reflecting a positive financial outlook. In a significant development, Bank of New York Mellon (NYSE:BK) approached Northern Trust for a potential merger, which could enhance BNY Mellon's wealth management business. Analyst firms like JPMorgan and RBC Capital Markets have noted the strategic benefits and complementary strengths such a merger could offer. Truist Securities recently increased Northern Trust's stock target to $116, maintaining a Hold rating, following an evaluation of the company's performance and market position. In leadership news, Northern Trust announced the appointment of Jeff Alexander as President and CEO of The Northern Trust Company, Canada, and named new investment strategists Gary Paulin and Joseph Tanious to bolster its investment expertise. These developments highlight Northern Trust's ongoing efforts to strengthen its financial performance and market presence.

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