Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Evercore ISI Analyst Says

Northern Trust (NASDAQ:NTRS) had its target price raised by investment analysts at Evercore ISI from $142.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s price objective points to a potential upside of 4.29% from the stock’s current price.

A number of other equities analysts have also recently commented on NTRS. Truist Financial set a $148.00 target price on shares of Northern Trust in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research note on Wednesday, October 8th. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Morgan Stanley boosted their target price on Northern Trust from $127.00 to $131.00 and gave the company an “underweight” rating in a research note on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods raised their price target on Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Northern Trust presently has a consensus rating of “Hold” and a consensus target price of $142.46.

Northern Trust Stock Performance

NASDAQ:NTRS opened at $148.63 on Friday. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.23 and a beta of 1.27. The business has a 50 day moving average of $137.87 and a 200 day moving average of $131.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.70. Northern Trust has a 1-year low of $81.62 and a 1-year high of $157.60.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings results on Friday, January 30th. The asset manager reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.05. The business had revenue of $3.15 billion for the quarter. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 earnings per share. On average, sell-side analysts predict that Northern Trust will post 8.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Northern Trust news, insider John Landers sold 766 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $124.35, for a total value of $95,252.10. Following the completion of the sale, the insider owned 7,313 shares in the company, valued at approximately $909,371.55. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan Cohen Levy sold 27,591 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 48,257 shares in the company, valued at $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTRS. Norges Bank bought a new stake in shares of Northern Trust during the 2nd quarter valued at about $276,087,000. Primecap Management Co. CA lifted its holdings in Northern Trust by 19.5% in the second quarter. Primecap Management Co. CA now owns 7,793,757 shares of the asset manager’s stock worth $988,170,000 after buying an additional 1,270,748 shares during the period. Marshall Wace LLP boosted its position 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 valued at $83,304,000 after acquiring an additional 630,717 shares in the last quarter. Rokos Capital Management LLP purchased a new position in shares of Northern Trust during the 2nd quarter worth approximately $73,888,000. Finally, LSV Asset Management raised its position in shares of Northern Trust by 154.0% in the 2nd quarter. LSV Asset Management now owns 805,990 shares of the asset manager’s stock worth $102,191,000 after acquiring an additional 488,690 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting Northern Trust

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.