Vining Sparks Reaffirms Their Buy Rating on Northern Trust (NTRS)

By Carrie Williams

In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on Northern Trust (NTRSResearch Report), with a price target of $120. The company’s shares opened today at $89.93.

Mosby commented:

“We believe, as NTRS’ fundamental improvement continues to be paired with an acceleration in capital deployment; it should be able to improve its profitability by over another full percentage point in 2019E. As this improvement is realized, NTRS could create more than a 30% total shareholder return for investors over the next 12 months from a revaluation in its price-to-tangible book value toward 275% to reflect profitability enhancements, a 3% growth in 2.4% dividend yield.”

According to TipRanks.com, Mosby is a 5-star analyst with an average return of 12.0% and a 61.3% success rate. Mosby covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Regions Financial, and State Street Corp.

Currently, the analyst consensus on Northern Trust is a Hold with an average price target of $105.63.

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The company has a one-year high of $115.61 and a one-year low of $75.96. Currently, Northern Trust has an average volume of 1.35M.

Based on the recent corporate insider activity of 184 insiders, corporate insider sentiment is negative on the stock.

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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through two segments: Corporate & Institutional Services and Wealth Management.