Northern Trust (NASDAQ:NTRS) Price Target Raised to $176.00

Northern Trust (NASDAQ:NTRS) had its price target upped by Barclays from $160.00 to $176.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price indicates a potential upside of 3.34% from the stock’s current price.

A number of other analysts have also recently issued reports on NTRS. Evercore raised their price objective on Northern Trust from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded Northern Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Citigroup started coverage on Northern Trust in a report on Monday, February 23rd. They set a “neutral” rating for the company. The Goldman Sachs Group raised shares of Northern Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $148.00 to $151.00 in a research report on Monday, April 6th. Finally, Truist Financial upped their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.91.

Northern Trust Stock Down 0.8%

Northern Trust stock opened at $170.31 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.69 and a quick ratio of 0.69. The company’s 50-day moving average is $144.44 and its 200-day moving average is $139.21. The firm has a market capitalization of $31.56 billion, a PE ratio of 19.70, a P/E/G ratio of 1.24 and a beta of 1.23. Northern Trust has a fifty-two week low of $88.25 and a fifty-two week high of $173.19.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.34. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business posted $1.90 EPS. Northern Trust’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Northern Trust will post 10.27 earnings per share for the current year.

Insiders Place Their Bets

In other Northern Trust news, insider Clive Bellows sold 1,148 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $145.26, for a total value of $166,758.48. Following the transaction, the insider directly owned 34,133 shares of the company’s stock, valued at $4,958,159.58. This represents a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Guy Gibson sold 3,009 shares of Northern Trust stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $142.39, for a total value of $428,451.51. Following the sale, the insider directly owned 29,332 shares of the company’s stock, valued at $4,176,583.48. This represents a 9.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,905 shares of company stock worth $5,166,714 over the last three months. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Triumph Capital Management bought a new stake in shares of Northern Trust in the third quarter valued at approximately $25,000. Reflection Asset Management bought a new position in Northern Trust during the 4th quarter worth $25,000. Board of the Pension Protection Fund acquired a new position in Northern Trust in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Northern Trust during the 4th quarter valued at $34,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Northern Trust during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Key Headlines Impacting Northern Trust

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

• Positive Sentiment: Q1 results beat expectations — Northern Trust reported diluted EPS of $2.71 and fully taxable equivalent revenue of ~$2.21B, with net income ~$525.5M and improved credit quality and operating leverage cited on the call. These upside surprises are the primary catalyst for the rally. Q1 Press Release
• Positive Sentiment: Strong capital returns highlighted — the company disclosed a 100% total payout for the quarter (dividends plus ~$359M in buybacks), which supports EPS and shareholder value and likely helped push the stock higher. QuiverQuant Analysis
• Positive Sentiment: Analyst target tick higher — Truist lifted its price target from $155 to $176 (hold), signaling modest additional upside relative to current levels and reinforcing the takeaways from the quarter. Truist/PT Note
• Neutral Sentiment: Quarterly dividend declared — Northern Trust set a $0.80 quarterly dividend (ex?dividend June 5, payable July 1), implying an annualized yield near 1.9%; supportive for income investors but not a large yield.
• Neutral Sentiment: Conference call and coverage available — detailed Q&A and analyst takes (transcripts on Seeking Alpha/Yahoo) provide more color on fee drivers, AUM/AUC growth and margin dynamics for those evaluating sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Pressure points: revenue mix and expenses — some writeups note revenue growth lagging certain segments and higher expenses; long?term margin sustainability will be monitored. Zacks Coverage
• Negative Sentiment: Notable institutional and insider selling activity — recent filings and data show large quarter?end reductions by some asset managers and multiple insider sales, which could weigh on sentiment if sustained. QuiverQuant Ownership Data

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.