Northern Trust (NASDAQ:NTRS) Given New $155.00 Price Target at Evercore ISI

Northern Trust (NASDAQ:NTRS) had its target price lifted by Evercore ISI from $142.00 to $155.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an in-line rating on the asset manager’s stock.

NTRS has been the topic of a number of other research reports. Truist Financial set a $148.00 price target on Northern Trust in a research note on Wednesday, January 7th. The Goldman Sachs Group restated a “sell” rating and set a $130.00 price objective on shares of Northern Trust in a research report on Tuesday, January 6th. Wall Street Zen raised Northern Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. TD Cowen reissued a “buy” rating on shares of Northern Trust in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Northern Trust from $123.00 to $125.00 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Northern Trust has an average rating of “Hold” and a consensus price target of $142.46.

Northern Trust Price Performance

NASDAQ:NTRS opened at $148.63 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $137.87 and a 200 day simple moving average of $131.83. Northern Trust has a 1-year low of $81.62 and a 1-year high of $157.60. The stock has a market capitalization of $28.11 billion, a PE ratio of 17.01, a P/E/G ratio of 1.27 and a beta of 1.27.

Northern Trust (NASDAQ:NTRS) last released its quarterly earnings data 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. Northern Trust had a net margin of 12.15% and a return on equity of 14.87%. The company had revenue of $3.15 billion for the quarter. During the same quarter in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts expect that Northern Trust will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a $0.80 dividend. The ex-dividend date is Friday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.2%. Northern Trust’s dividend payout ratio (DPR) is currently 37.30%.

Insider Activity at Northern Trust

In other Northern Trust news, EVP Susan Cohen Levy sold 27,591 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $128.13, for a total value of $3,535,234.83. Following the completion of the transaction, the executive vice president directly owned 48,257 shares in the company, valued at approximately $6,183,169.41. This trade represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Landers sold 766 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $124.35, for a total transaction of $95,252.10. Following the completion of the transaction, the insider owned 7,313 shares of the company’s stock, valued at approximately $909,371.55. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northern Trust

A number of hedge funds have recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in shares of Northern Trust by 4.9% during the 3rd quarter. New Age Alpha Advisors LLC now owns 1,659 shares of the asset manager’s stock valued at $223,000 after purchasing an additional 78 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Northern Trust by 13.1% in the third quarter. Salomon & Ludwin LLC now owns 682 shares of the asset manager’s stock valued at $90,000 after purchasing an additional 79 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Northern Trust by 0.3% during the 2nd quarter. New York Life Investment Management LLC now owns 29,132 shares of the asset manager’s stock worth $3,694,000 after purchasing an additional 80 shares in the last quarter. Compound Planning Inc. raised its stake in Northern Trust by 5.1% during the 3rd quarter. Compound Planning Inc. now owns 1,666 shares of the asset manager’s stock worth $224,000 after buying an additional 81 shares during the period. Finally, Apollon Wealth Management LLC grew its stake in Northern Trust by 1.9% in the fourth quarter. Apollon Wealth Management LLC now owns 4,379 shares of the asset manager’s stock valued at $598,000 after acquiring an additional 81 shares during the period. 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

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.