Wells Fargo & Company Boosts Northern Trust (NASDAQ:NTRS) Price Target to $150.00

Northern Trust (NASDAQ:NTRS) had its target price hoisted by research analysts at Wells Fargo & Company from $145.00 to $150.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 0.92% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $130.00 price target on shares of Northern Trust in a research report on Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Northern Trust in a research note on Wednesday, January 7th. BMO Capital Markets initiated coverage on shares of Northern Trust in a research report on Friday, October 3rd. They set a “market perform” rating and a $142.00 target price for the company. Citigroup upped their target price on shares of Northern Trust from $135.00 to $143.00 and gave the stock a “neutral” rating in a report on Tuesday, December 30th. Finally, Barclays lifted their price target on Northern Trust from $136.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $142.46.

Northern Trust Price Performance

Northern Trust stock opened at $148.63 on Friday. The stock’s 50 day moving average price is $137.87 and its two-hundred day moving average price is $131.87. The stock 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 company has a debt-to-equity ratio of 0.57, a quick ratio of 0.70 and a current ratio of 0.69. Northern Trust has a 52-week low of $81.62 and a 52-week high of $157.60.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Friday, January 30th. The asset manager reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.05. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $3.15 billion for the quarter. During the same period in the prior year, the company earned $2.26 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Northern Trust will post 8.27 earnings per share for the current year.

Insider Buying and Selling at Northern Trust

In other Northern Trust news, insider John Landers sold 766 shares of the firm’s stock in a transaction 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 directly owned 7,313 shares of the company’s stock, valued at $909,371.55. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Susan Cohen Levy sold 27,591 shares of the company’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 transaction, the executive vice president directly owned 48,257 shares in the company, valued at $6,183,169.41. This represents a 36.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northern Trust

Several large investors have recently modified their holdings of NTRS. Triumph Capital Management purchased a new stake in shares of Northern Trust during the 3rd quarter valued at approximately $25,000. FNY Investment Advisers LLC bought a new stake in Northern Trust during the 2nd quarter valued at $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Northern Trust during the fourth quarter worth $27,000. AlphaCore Capital LLC boosted its holdings in shares of Northern Trust by 87.4% in the second quarter. AlphaCore Capital LLC now owns 208 shares of the asset manager’s stock worth $27,000 after acquiring an additional 97 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Northern Trust by 5,225.0% in the second quarter. Hantz Financial Services Inc. now owns 213 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

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

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.