In a report released yesterday, Glenn Schorr from Evercore ISI maintained a Hold rating on Northern (NTRS – Research Report), with a price target of $87.00. The company’s shares closed yesterday at $86.57.
Schorr covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, BlackRock, and Citigroup. According to TipRanks, Schorr has an average return of 7.5% and a 61.73% success rate on recommended stocks.
In addition to Evercore ISI, Northern also received a Hold from Wells Fargo’s Mike Mayo in a report issued on March 27. However, on April 2, Morgan Stanley maintained a Sell rating on Northern (NASDAQ: NTRS).
Based on Northern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.55 billion and a net profit of $113.1 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $155.7 million
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Steven Fradkin, the President of NTRS sold 30,392.00 shares for a total of $2,434,703.12.
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Northern (NTRS) Company Description:
Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. Northern Trust was founded in 1971 and is headquartered in Chicago, IL.
