The Trend Continues for Northern Trust as Shares Climb Higher.

After this morning's 2.8% surge to $89.28 per share, Northern Trust might just keep moving past its target price of $90.77. With an average analyst rating of hold, and target prices from $84.0 to $103.0, the stock's next move is anyone's guess.

The stock has a very low short interest at 1.0%, and a short ratio of 1.32. The company's insiders own 0.52% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.8% of Northern Trust's shares being owned by this investor type.

Institutions Invested in Northern Trust

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 11% 22,985,686 $2,052,162,018
2024-03-31 Blackrock Inc. 8% 15,469,212 $1,381,091,228
2024-03-31 FMR, LLC 6% 12,183,196 $1,087,715,724
2024-03-31 State Street Corporation 4% 8,815,550 $787,052,293
2024-03-31 Primecap Management Company 3% 6,785,472 $605,806,931
2024-03-31 Massachusetts Financial Services Co. 3% 6,563,064 $585,950,345
2024-03-31 Northern Trust Corporation 3% 5,869,526 $524,031,274
2024-03-31 Geode Capital Management, LLC 2% 4,819,141 $430,252,902
2024-03-31 Wellington Management Group, LLP 2% 4,828,954 $431,129,007
2024-03-31 Goldman Sachs Group Inc 2% 4,614,014 $411,939,164

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Northern Trust.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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