Northern Trust (NASDAQ:NTRS) Research Coverage Started at TD Cowen

11 Oct 2026, 01:54 by Jessica Moore · The Cerbat Gem

TD Cowen started coverage on shares of Northern Trust (NASDAQ:NTRS – Free Report) in a research note released on Thursday morning, MarketBeat reports. The firm issued a hold rating and a $175.00 price objective on the asset manager’s stock.

A number of other brokerages have also weighed in on NTRS. UBS Group set a $186.00 target price on shares of Northern Trust in a research note on Friday, June 26th. Truist Financial boosted their price objective on shares of Northern Trust from $176.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Citigroup upped their price objective on shares of Northern Trust from $182.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. Barclays lifted their target price on shares of Northern Trust from $176.00 to $189.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Capital One Financial set a $190.00 price target on Northern Trust in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $183.93.

View Our Latest Stock Report on NTRS

Northern Trust Stock Down 0.2%

Shares of Northern Trust stock opened at $168.21 on Thursday. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 0.95 and a beta of 1.24. Northern Trust has a 52-week low of $121.12 and a 52-week high of $195.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $181.31 and its 200-day moving average price is $171.92.

Northern Trust (NASDAQ:NTRS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $1.52. Northern Trust had a net margin of 14.76% and a return on equity of 16.91%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. Equities research analysts forecast that Northern Trust will post 11.65 EPS for the current year.

Northern Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 4th were given a $0.88 dividend. This is a positive change from Northern Trust’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.52 dividend on an annualized basis and a yield of 2.1%. Northern Trust’s payout ratio is presently 30.21%.

Insider Activity

In other news, EVP Thomas South sold 1,800 shares of Northern Trust stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.90, for a total value of $332,820.00. Following the completion of the sale, the executive vice president directly owned 92,917 shares in the company, valued at $17,180,353.30. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Moritz, Jr. acquired 255 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were bought at an average cost of $179.57 per share, with a total value of $45,790.35. Following the completion of the acquisition, the director directly owned 8,400 shares of the company’s stock, valued at $1,508,388. The trade was a 3.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northern Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Northern Trust during the 2nd quarter valued at $2,523,781,000. Primecap Management Co. CA purchased a new position in shares of Northern Trust in the 2nd quarter worth $1,060,553,000. Bank of New York Mellon Corp purchased a new position in shares of Northern Trust in the 2nd quarter worth $361,079,000. Dimensional Fund Advisors LP grew its holdings in shares of Northern Trust by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,455,996 shares of the asset manager’s stock worth $342,744,000 after acquiring an additional 36,322 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Northern Trust in the second quarter worth $207,054,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

About Northern Trust

(Get Free Report)

Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois. Founded in 1889, the company provides wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent individuals and families, and financial professionals.

Through its wealth management business, Northern Trust offers investment management, financial planning, trust and estate services, private banking, and family office solutions. Its asset servicing and banking operations support institutional investors and businesses with custody, fund administration, securities lending, foreign exchange, treasury services, capital markets, and related banking solutions.