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.
