Truist Securities Initiates Coverage of Northern Trust (LSE:0K91) with Hold Recommendation

Fintel reports that on January 7, 2025, Truist Securities initiated coverage of Northern Trust (LSE:0K91) with a Hold recommendation.

Analyst Price Forecast Suggests 4.78% Upside

As of December 23, 2024, the average one-year price target for Northern Trust is 109.13 GBX/share. The forecasts range from a low of 90.12 GBX to a high of 130.75 GBX. The average price target represents an increase of 4.78% from its latest reported closing price of 104.15 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Northern Trust is 7,992MM, an increase of 1.71%. The projected annual non-GAAP EPS is 8.67.

What is the Fund Sentiment?

There are 1,486 funds or institutions reporting positions in Northern Trust. This is an increase of 54 owner(s) or 3.77% in the last quarter. Average portfolio weight of all funds dedicated to 0K91 is 0.21%, an increase of 0.73%. Total shares owned by institutions increased in the last three months by 2.18% to 195,424K shares.

What are Other Shareholders Doing?

GB:0K91 / Northern Trust Corporation Shares Held by Institutions

Massachusetts Financial Services holds 7,394K shares representing 3.73% ownership of the company. In its prior filing, the firm reported owning 7,414K shares , representing a decrease of 0.26%. The firm decreased its portfolio allocation in 0K91 by 83.96% over the last quarter.

Primecap Management holds 7,085K shares representing 3.57% ownership of the company. In its prior filing, the firm reported owning 7,047K shares , representing an increase of 0.54%. The firm increased its portfolio allocation in 0K91 by 9.46% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,058K shares representing 3.06% ownership of the company. In its prior filing, the firm reported owning 6,168K shares , representing a decrease of 1.80%. The firm decreased its portfolio allocation in 0K91 by 1.09% over the last quarter.

Northern Trust holds 5,845K shares representing 2.95% ownership of the company. In its prior filing, the firm reported owning 5,762K shares , representing an increase of 1.41%. The firm decreased its portfolio allocation in 0K91 by 42.26% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 5,281K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 5,251K shares , representing an increase of 0.58%. The firm decreased its portfolio allocation in 0K91 by 0.77% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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