Northern Trust (NTRS)

• Market cap: $21.5B
• 1 day: 0.36%
• 5 days: 8.38%
• 1 month: 2.06%
• 3 months: 11.02%
• 6 months: 24.04%
• Year to date: 3.77%
• 1 year: 28.85%
• 5 years: -2.29%
• 10 years: 71.16%
• Sector: Financials
• Industry: State Commercial Banks

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 Q3 regulatory filings by fund managers ($100M+ AUM)

65% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 55

50% more call options, than puts

Call options by funds: $69.1M | Put options by funds: $45.9M

6% more capital invested

Capital invested by funds: $14.5B [Q2] → $15.4B (+$899M) [Q3]

4% more funds holding

Funds holding: 681 [Q2] → 708 (+27) [Q3]

0.74% less ownership

Funds ownership: 84.47% [Q2] → 83.73% (-0.74%) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 258

80% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 1 (-4) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $103 4% downside
• Avg. target: $112 5% upside
• High target: $125 17% upside

9 analyst ratings

• positive: 2 22%
• neutral: 7 78%
• negative: 0 0%

Truist Securities David Smith 67% 1-year accuracy 4 / 6 met price target	3% upside $110	Hold Initiated	7 Jan 2025
Barclays Jason Goldberg 69% 1-year accuracy 37 / 54 met price target	10% upside $118	Equal-Weight Maintained	6 Jan 2025
Morgan Stanley Betsy Graseck 67% 1-year accuracy 37 / 55 met price target	17% upside $125	Equal-Weight Maintained	3 Jan 2025
Keefe, Bruyette & Woods David Konrad 68% 1-year accuracy 19 / 28 met price target	6% upside $113	Market Perform Maintained	3 Dec 2024
Wells Fargo Mike Mayo 77% 1-year accuracy 20 / 26 met price target	3% upside $110	Equal-Weight Maintained	15 Nov 2024