Northern Trust (NASDAQ:NTRS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Northern Trust (NASDAQ:NTRS) had its target price upped by equities researchers at Royal Bank Of Canada from $139.00 to $159.00 in a research report issued on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.98% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Northern Trust in a report on Wednesday, January 7th. Truist Financial set a $148.00 target price on Northern Trust in a research note on Wednesday, January 7th. BMO Capital Markets started coverage on shares of Northern Trust in a report on Friday, October 3rd. They issued a “market perform” rating and a $142.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Northern Trust in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Northern Trust from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.46.

Northern Trust Trading Down 2.9%

NASDAQ NTRS opened at $148.63 on Friday. Northern Trust has a one year low of $81.62 and a one year high of $157.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.27. The company’s 50-day simple moving average is $137.87 and its two-hundred day simple moving average is $131.87.

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

Insider Activity at Northern Trust

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

Hedge Funds Weigh In On Northern Trust

Large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in Northern Trust during the third quarter valued at $25,000. FNY Investment Advisers LLC acquired a new position in shares of Northern Trust during the 2nd quarter worth about $25,000. Board of the Pension Protection Fund purchased a new position in Northern Trust in the 4th quarter valued at about $27,000. AlphaCore Capital LLC boosted its holdings in Northern Trust by 87.4% in the 2nd quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after buying an additional 97 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Northern Trust by 5,225.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock worth $27,000 after buying an additional 209 shares in the last quarter. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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

Northern Trust Company Profile

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.