Northern Trust Receives a Hold from Credit Suisse

By Carrie Williams

Credit Suisse analyst Susan Roth Katzke maintained a Hold rating on Northern Trust (NASDAQ: NTRS) on May 23 and set a price target of $90. The company’s shares closed last Friday at $88.69, close to its 52-week high of $92.29.

According to, Katzke is a 5-star analyst with an average return of 18.2% and a 69.7% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Citizens Financial, and State Street Corp.

Currently, the analyst consensus on Northern Trust is Moderate Buy and the average price target is $97.57, representing a 10.0% upside.

In a report issued on May 26, KBW also reiterated a Hold rating on the stock with a $95 price target.

Northern Trust’s market cap is currently $20.36B and has a P/E ratio of 20.30. The company has a book value ratio of 2.2386.

Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Susan Gillian Pembleton, the EVP HR of NTRS sold 9,793 shares for a total of $864,624.

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Northern Trust Corp. operates as a financial holding company, which provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. It operates through the Corporate and Institutional Services and Wealth Management business segments. The Corporate and Institutional Services segment provides asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors around the globe. The Wealth Management segment provides trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. The company was founded in 1971 and is headquartered in Chicago, IL.