Northern TrustNTRS
Market Cap: $17.5B
About: Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of Dec. 31, 2023, Northern Trust had assets under custody or administration of $15.4 trillion and assets under management of $1.4 trillion.
Employees: 23,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
20% more call options, than puts
Call options by funds: $61.7M | Put options by funds: $51.5M
16% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 64
1% more funds holding
Funds holding: 667 [Q1] → 677 (+10) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 251
1.05% less ownership
Funds ownership: 82.47% [Q1] → 81.42% (-1.05%) [Q2]
6% less capital invested
Capital invested by funds: $15B [Q1] → $14B (-$959M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 3%downside $84 | Hold Maintained | 15 Aug 2024 |
Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target | 7%upside $93 | Underweight Maintained | 30 Jul 2024 |
RBC Capital Gerard Cassidy 93% 1-year accuracy 38 / 41 met price target | 4%upside $90 | Outperform Maintained | 18 Jul 2024 |
Goldman Sachs Alexander Blostein 75% 1-year accuracy 15 / 20 met price target | 3%downside $84 | Neutral Maintained | 2 Jul 2024 |
Keefe, Bruyette & Woods David Konrad 70% 1-year accuracy 14 / 20 met price target | 2%downside $85 | Market Perform Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 3 articles about NTRS published over the past 30 days