Northern Trust (NTRS)

• Market cap: $21.9B
• 1 day: 1.60%
• 5 days: -0.35%
• 1 month: 9.04%
• 3 months: 23.25%
• 6 months: 33.39%
• Year to date: 30.21%
• 1 year: 36.84%
• 5 years: 2.49%
• 10 years: 61.66%
• 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 September 2024, Northern Trust had assets under custody or administration of $17.4 trillion and assets under management of $1.6 trillion.

Employees: 23,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more call options, than puts

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

38% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 66

6% more capital invested

Capital invested by funds: $14.2B [Q2] → $15B (+$836M) [Q3]

4% more funds holding

Funds holding: 680 [Q2] → 705 (+25) [Q3]

0.95% less ownership

Funds ownership: 82.56% [Q2] → 81.61% (-0.95%) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 237 | Existing positions reduced: 257

80% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $82 26% downside
• Avg. target: $104 6% downside
• High target: $115 4% upside

13 analyst ratings

• positive: 2 15%
• neutral: 8 62%
• negative: 3 23%

Keefe, Bruyette & Woods David Konrad 76% 1-year accuracy 16 / 21 met price target	2% upside $113	Market Perform Maintained	3 Dec 2024
Wells Fargo Mike Mayo 64% 1-year accuracy 9 / 14 met price target	0% downside $110	Equal-Weight Maintained	15 Nov 2024
Deutsche Bank Brian Bedell 100% 1-year accuracy 1 / 1 met price target	2% downside $108	Hold Maintained	11 Nov 2024
B of A Securities Michael Carrier 67% 1-year accuracy 2 / 3 met price target	4% upside $115	Buy Maintained	24 Oct 2024
RBC Capital Gerard Cassidy 97% 1-year accuracy 28 / 29 met price target	3% downside $107	Outperform Maintained	24 Oct 2024