Wedge Capital Management L L P NC has increased the position in Northern Trust Co. gleaning positive Q1 returns despite tumultuous markets. This was primarily due to Fixed Income Activity which attracted risk-averse investors. Institutional Owners, who hold 87% of the company, are mainly responsible for the 13% EPS increase that boosted $435M in shareholder returns. Wealth Enhancement Advisory Services LLC and Rhumbline Advisers have bought shares of Northern Trust Co. inspite of the stocks being sold by the likes of Thompson Investment Management Inc. and Handelsbanken Fonder AB.
The company disclosed strong EPS growth and strategic investments during its Q1 2025 earning call leading to expectations of earnings growth. FIennesse ECO and First Sentier Investors have appointed Northern Trust for administering respective services. Partnership has also expanded with companies like Alchemy and BPF Beton. Deutsche Bank adjusts Northern Trust price target to $104 from $96 which showcases a positive trajectory. This has also established the corporation as being among the best Asset Management Stock to buy.
However, Morgan Stanley has given an underweight rating to Northern Trust. There's been unusually large options trading for the company and a notable decrease in the prime rate. In spite of these, the financial strength of Northern Trust holds promise.
Northern Trust Corp NTRS News Analytics from Wed, 09 Oct 2024 07:00:00 GMT to Sat, 14 Jun 2025 08:03:43 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -3
