Northern Trust (NASDAQ:NTRS) Price Target Raised to $169.00

Northern Trust (NASDAQ:NTRS) had its price objective boosted by stock analysts at The Goldman Sachs Group from $151.00 to $169.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 0.99% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Truist Financial boosted their price objective on shares of Northern Trust from $155.00 to $176.00 and gave the company a “hold” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Northern Trust in a research report on Thursday, January 22nd. Morgan Stanley boosted their price objective on shares of Northern Trust from $131.00 to $140.00 and gave the company an “underweight” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Northern Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Royal Bank Of Canada upped their price target on Northern Trust from $159.00 to $178.00 and gave the stock an “outperform” rating in a research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.55.

Northern Trust Stock Down 2.6%

Shares of NASDAQ NTRS traded down $4.40 during mid-day trading on Wednesday, reaching $167.34. 676,054 shares of the company’s stock were exchanged, compared to its average volume of 1,088,812. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $144.44 and a 200 day simple moving average of $139.21. Northern Trust has a twelve month low of $90.05 and a twelve month high of $173.18. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.24 and a beta of 1.23.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings results on Tuesday, April 21st. The asset manager reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.34. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 earnings per share. As a group, equities analysts expect that Northern Trust will post 10.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David W. Fox, Jr. sold 3,255 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $143.89, for a total value of $468,361.95. Following the completion of the sale, the chief financial officer owned 14,552 shares of the company’s stock, valued at approximately $2,093,887.28. This represents a 18.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz bought 245 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $151.85 per share, for a total transaction of $37,203.25. Following the completion of the acquisition, the director directly owned 6,931 shares in the company, valued at $1,052,472.35. The trade was a 3.66% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 34,905 shares of company stock worth $5,166,714 in the last quarter. 0.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Northern Trust during the fourth quarter worth $257,410,000. Eurizon Capital SGR S.p.A. bought a new position in Northern Trust during the fourth quarter worth $126,794,000. AQR Capital Management LLC boosted its position in Northern Trust by 69.0% during the fourth quarter. AQR Capital Management LLC now owns 1,723,516 shares of the asset manager’s stock worth $235,415,000 after purchasing an additional 703,985 shares during the period. Jupiter Asset Management Ltd. boosted its position in Northern Trust by 114.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,031,579 shares of the asset manager’s stock worth $140,903,000 after purchasing an additional 549,681 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Northern Trust during the fourth quarter worth approximately $67,126,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

Key Stories Impacting Northern Trust

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

• Positive Sentiment: Q1 results materially beat expectations — adjusted EPS $2.71 vs. $2.37 est., revenue ~$2.21B, stronger net interest income, AUM/AUC growth, and a 100% total payout (dividends + buybacks) that highlighted operating leverage and capital return. Q1 Results
• Positive Sentiment: Multiple sell-side firms raised price targets and ratings after the quarter (examples: RBC, Barclays, Wells Fargo, Truist), signaling renewed analyst confidence and supporting upside in near term. Analyst Target Upgrades
• Positive Sentiment: Board declared a quarterly dividend of $0.80 (annualized yield ?1.9%), ex-dividend June 5 — a formal confirmation of shareholder return policy that can support the stock’s appeal to income-focused holders.
• Neutral Sentiment: Northern Trust expanded a client-facing technology collaboration with Saphyre to streamline account lifecycle operations — strategic but not immediately material to near-term earnings. Saphyre Collaboration
• Neutral Sentiment: Full earnings materials and call transcript are available (useful for modelling and management commentary on margins, NII outlook and buybacks). Earnings Presentation
• Negative Sentiment: Large institutional reductions and notable insider sell transactions were flagged in recent data — these flows can add selling pressure and contribute to pullbacks after a sharp rally. Institutional & Insider Activity
• Negative Sentiment: Despite the fundamental beat and upgrades, today’s lower-than-average volume and profit-taking following yesterday’s rally likely explain the stock trading down intraday.

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.