Northern Trust's Price Target Raised to $132 by Truist

Northern Trust's price target has been raised to $132 from $128 by Truist, with a Hold rating. The analyst notes that trust banks have grown assets under custody or administration over time, with Northern Trust seeing the strongest growth since the 2010 post-GFC period.

Northern Trust Corporation (NASDAQ: NTRS) has seen its price target increased to $132 by Truist, with a Hold rating. The analyst firm noted that trust banks have experienced steady growth in assets under custody or administration over the years, with Northern Trust demonstrating particularly strong growth since the 2010 post-GFC period.

Truist's new price target reflects the continued strength and resilience of Northern Trust's asset management and servicing operations. The company has been actively expanding its services and partnerships, as evidenced by its recent collaboration with the North Dakota Retirement and Investment Office (NDRIO) [1]. This strategic partnership leverages Northern Trust's Integrated Trading Solutions platform to enhance trading efficiency for internally managed assets.

Northern Trust has also been attracting significant institutional investment interest. Mitsubishi UFJ Asset Management Co. Ltd. recently increased its stake in Northern Trust by 9.9%, adding 32,366 shares to its existing position [2]. This growth in institutional ownership underscores the confidence in Northern Trust's financial health and growth prospects.

The company's recent earnings report highlighted its ability to maintain profitability despite a year-over-year revenue decline of 26.4%. Northern Trust reported earnings of $2.13 per share for the quarter, beating analyst expectations. The company also increased its quarterly dividend to $0.80 per share, reflecting a 2.5% dividend yield.

Analysts have shown mixed sentiment towards Northern Trust, with three issuing a sell rating, nine a hold rating, and two a buy rating. The average rating is "Hold" with an average target price of $116.58. Despite the varied ratings, the overall sentiment appears cautiously optimistic, with the increased price target by Truist indicating a positive outlook.

Northern Trust's strong performance and strategic partnerships position it as a key player in the financial services industry. The company's focus on operational efficiency and growth in assets under custody or administration bodes well for its future prospects.

References:
[1] https://www.alternativeswatch.com/2025/08/14/north-dakota-investment-team-ndrio-northern-trust-outsourced-trading-allocations/
[2] https://www.marketbeat.com/instant-alerts/filing-mitsubishi-ufj-asset-management-co-ltd-purchases-32366-shares-of-northern-trust-corporation-nasdaqntrs-2025-08-10/