Morgan Stanley Rates Northern Trust (NTRS) sell

Morgan Stanley sticks with a sell rating for Northern Trust, targeting $170, a 2.21% downside from the current price.

By TradeTexts Research Desk · Published Jul 1, 2026, 3:02 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Morgan Stanley rated Northern Trust Corporation ($NTRS) "sell" with a $170 price target on June 29, 2026.

Since the rating, $NTRS is up 3.6% after 1 week, up 1.6% after 1 month and down 4.9% to date (from the $174.09 close on Jun 29, 2026).

NTRS Northern Trust Corporation

$165.54 +20.64% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its sell rating for Northern Trust Corporation (NTRS) with a price target of $170 on June 29, 2026.
Morgan Stanley's $170 price target implies 2.21% downside from Northern Trust Corporation's ($NTRS) current $173.84 share price.
Shares of Northern Trust traded at $174.91 on Wednesday, with a market cap of $32.17 billion and a P/E ratio of 18.18.
Other analysts like Citigroup and Truist Securities also maintained their ratings, with targets of $172 and $186 respectively.

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Morgan Stanley's analyst Betsy Graseck reiterated a sell rating on Northern Trust Corporation (NasdaqGS: NTRS) with a price target of $170 on June 29, 2026. This rating reflects Morgan Stanley's cautious outlook on the financial holding company's stock.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +41.68% hypothetical

All-time return +37.99% S&P 500 +35.07%

vs. S&P 500 +2.92% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Northern Trust

BlackRock, Inc. reduced its holdings in Northern Trust by 334,141 shares, ending with 14,369,855 shares valued at about $2.01 billion. Vanguard Capital Management LLC opened a new position with 11,783,530 shares worth approximately $1.64 billion. FMR LLC cut its stake by 3,037,471 shares, leaving it with 10,809,890 shares valued at roughly $1.51 billion. State Street Corp trimmed its holdings by 168,772 shares, resulting in a total of 9,082,748 shares worth $1.27 billion.

Northern Trust Corporation Stock Down 2.3%

Shares of Northern Trust Corporation traded near $174.91 on Wednesday. The company has a market cap of $32.17 billion, a P/E ratio of 18.18, and a forward P/E of 14.33. Northern Trust's stock has seen a 52-week range between $118.99 and $178.70, with a 50-day moving average of $167.75 and a 200-day moving average of $145.28.

12-month forecast

$NTRS price target

Northern Trust Corporation daily closes and this analyst's $170 target. Not advice.

Recent Earnings

Northern Trust reported revenue of $8.36 billion, with a revenue growth of 13.9%. The company's net margin stands at 22.36%, and it has a return on equity of 14.46%. The next earnings report is expected on July 22, 2026.

Dividend

Northern Trust offers an annual dividend rate of $3.20, yielding 1.84% with a payout ratio of 32.98%.

Insider Buying and Selling at Northern Trust Corporation

Recently, Aengus Hallinan, Executive Vice President, sold 3,668 shares on June 3, 2026, at an average price of $167.36. On June 1, 2026, he sold 2,707 shares at $166.82. Thomas South, also an Executive Vice President, sold 320 shares on May 22, 2026. In contrast, Robert Edward Moritz Jr. bought 225 shares on May 1, 2026, at $166.41.

Analysts Set New Price Targets

On June 29, 2026, Morgan Stanley reiterated its sell rating with a $170 price target. Citigroup maintained a hold rating with a $172 target on June 30, 2026. Truist Securities also kept its hold rating, setting a target of $186 on June 26, 2026. Wells Fargo maintained its hold rating with a $189 target on June 24, 2026.

About Northern Trust Corporation

Northern Trust Corporation is a financial holding company based in Chicago, Illinois. It provides wealth management, asset servicing, asset management, and banking solutions. The company operates mainly through two segments: Asset Servicing and Wealth Management. Northern Trust serves a diverse clientele, including corporations, institutions, families, and individuals, offering a wide range of financial services globally.

Bottom Line

Morgan Stanley's reiterated sell rating on Northern Trust highlights ongoing caution in the market's view of the company's stock. With its upcoming earnings report set for July 22, investors will be watching closely for any signs of change in its financial performance. As always, these analyst ratings and institutional moves are backward-looking and might not reflect current or future conditions.