Northern Trust (NASDAQ:NTRS) Price Target Raised to $155.00

Northern Trust (NASDAQ:NTRS) had its price target lifted by Evercore ISI from $142.00 to $155.00 in a research report report published on Friday,Benzinga reports. The firm currently has an in-line rating on the asset manager’s stock.

Several other brokerages have also recently commented on NTRS. TD Cowen reiterated a “buy” rating on shares of Northern Trust in a research report on Wednesday, January 7th. Barclays lifted their price objective on Northern Trust from $136.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Truist Financial set a $148.00 target price on Northern Trust in a research note on Wednesday, January 7th. The Goldman Sachs Group restated a “sell” rating and set a $130.00 target price on shares of Northern Trust in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Northern Trust from $127.00 to $131.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.46.

Northern Trust Stock Performance

NTRS stock opened at $148.63 on Friday. The company has a 50 day moving average price of $137.87 and a 200 day moving average price of $131.90. Northern Trust has a fifty-two week low of $81.62 and a fifty-two week high of $157.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a market capitalization of $28.11 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating the consensus estimate of $2.37 by $0.05. The company had revenue of $3.15 billion during the quarter. Northern Trust had a return on equity of 14.87% and a net margin of 12.15%.The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $2.26 earnings per share. Analysts forecast that Northern Trust will post 8.27 EPS for the current year.

Northern Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Northern Trust’s dividend payout ratio is currently 36.61%.

Insider Buying and Selling at Northern Trust

In other news, Director Robert Edward Jr. Moritz bought 3,891 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $128.57 per share, with a total value of $500,265.87. Following the acquisition, the director directly owned 6,686 shares in the company, valued at $859,619.02. This represents a 139.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan Cohen Levy sold 27,591 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $128.13, for a total value of $3,535,234.83. Following the sale, the executive vice president directly owned 48,257 shares in the company, valued at approximately $6,183,169.41. This trade represents a 36.38% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Northern Trust during the second quarter valued at $276,087,000. Primecap Management Co. CA grew its holdings in shares of Northern Trust by 19.5% during the second quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock valued at $988,170,000 after buying an additional 1,270,748 shares during the last quarter. Marshall Wace LLP increased its holdings in Northern Trust by 2,397.3% during the 2nd quarter. Marshall Wace LLP now owns 657,026 shares of the asset manager’s stock worth $83,304,000 after purchasing an additional 630,717 shares in the last quarter. Rokos Capital Management LLP purchased a new stake in shares of Northern Trust in the second quarter worth approximately $73,888,000. Finally, LSV Asset Management lifted its holdings in shares of Northern Trust by 154.0% in the second quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock valued at $102,191,000 after purchasing an additional 488,690 shares in the last quarter. 83.19% of the stock is owned by institutional investors and hedge funds.

More Northern Trust News

Here are the key news stories impacting Northern Trust this week:

• Positive Sentiment: Q4 results topped estimates — Northern Trust reported stronger-than-expected quarterly results with year-over-year net interest income and asset growth helping revenue and EPS beat consensus, a core bullish catalyst for the stock. Q4 Beat: Zacks
• Positive Sentiment: Management highlighted record NII and raised targets on the earnings call — the company pointed to higher net interest income and stronger fee/servicing trends on the call, which prompted some analysts to lift forecasts. Earnings Call Summary: TipRanks
• Positive Sentiment: RBC raised its price target to $159 and moved to an outperform view — a bullish analyst action that signals upside expectations following the quarter. RBC Raise: The Fly
• Positive Sentiment: Board approved/announced quarterly dividend — Northern Trust declared a quarterly dividend of $0.80 (record March 6), supporting income-oriented investor interest.
• Neutral Sentiment: Several firms nudged up targets but kept neutral/in-line ratings (Evercore to $155 in-line; Wells Fargo to $150 equal weight) — these moves recognize better results but stop short of a strong buy endorsement. Evercore: TickerReport Wells Fargo: TickerReport
• Negative Sentiment: Morgan Stanley raised its target to $140 but kept an “underweight” rating — the firm’s stance signals limited confidence in near-term upside and likely contributed to selling pressure. MS PT Change: Benzinga
• Negative Sentiment: Costs and valuation concerns persist — several write-ups note elevated expenses are trimming margin expansion and that valuation may be rich after the run, which can temper enthusiasm despite the beat. Valuation Concerns: Seeking Alpha

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals. The company’s core businesses include custody and fund administration, investment operations outsourcing, trust and fiduciary services, private banking, and retirement and defined contribution plan services.

Northern Trust’s product and service offerings span custody and fund accounting, portfolio and performance analytics, securities lending, cash management and foreign exchange, as well as discretionary and non-discretionary investment management.