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Northern Trust Corporation (NASDAQ:NTRS) stock has reached a 52-week high, touching $111.9, signaling a robust performance period for the financial services company. With a market capitalization of $21.86 billion, the stock has delivered an impressive 41.29% return over the past year. According to InvestingPro analysis, NTRS is currently undervalued, suggesting potential for further gains. Investors have shown increased confidence in Northern Trust’s business model and growth strategy, as evidenced by the stock’s impressive climb to this new high over the past year. The company’s ability to adapt to the dynamic financial landscape and deliver consistent results has contributed to the positive sentiment driving the stock’s value upward. Notably, InvestingPro data reveals the company has maintained dividend payments for 55 consecutive years, currently offering a 2.69% yield. For deeper insights into NTRS’s valuation and 8 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Northern Trust Corporation has been the focus of several analyst firms following robust earnings and revenue results. The company reported a net income of $465 million and earnings per share of $2.22 for the third quarter, largely driven by a rise in Trust fees, especially in Wealth Management, which saw a 9% increase. Assets under management reached a record $444 billion, marking a 20% year-over-year increase.
RBC Capital Markets raised the price target for Northern Trust to $115, maintaining an Outperform rating. Analysts at the firm highlighted Northern Trust’s ambitious medium-term strategic objectives, which include a return on equity (ROE) of 10-15%, and a targeted aim for the higher end of this range. Keefe, Bruyette & Woods also lifted their target to $122, noting strong revenue performance surpassing expense growth.
Truist Securities, however, assigned a Hold rating with a price target of $110.00, expressing cautiousness due to persistent high costs and slower asset and revenue growth. BofA Securities and Evercore ISI revised their EPS estimates for Northern Trust’s fourth quarter 2024 and full-year 2025 to $1.92 and $7.58 respectively.
Despite facing challenges with persistent expense issues, Northern Trust’s management is actively working towards operational efficiency and strategic investment for future growth. These recent developments underscore Northern Trust’s capacity to navigate a complex market environment while delivering value to shareholders and clients.
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