NTRS Stock Analysis: Northern Trust | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 33.333m USD | 12M Return: 46% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 184M
EPS Trend: 81.0%
Qual. Beats: 0
Rev. Trend: 63.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Northern Trust Corporation (NTRS) is a Chicago-based financial holding company founded in 1889 that operates through two segments: Asset Servicing and Wealth Management. Its Asset Servicing segment provides custody, fund administration, investment operations outsourcing, securities lending, and related services to institutional clients such as corporate and public retirement funds, foundations, endowments, sovereign wealth funds, and insurance companies. The Wealth Management segment offers trust, investment management, custody, brokerage, private banking, and family office services to high-net-worth individuals, families, business owners, executives, and retirees. The company also delivers asset management products spanning active and passive equity and fixed income, cash management, and alternative investments through vehicles including separately managed accounts, mutual funds, ETFs, and private investment funds. Classified within the GICS Asset Management & Custody Banks sub-industry, Northern Trust is a large-cap financial institution with a business model centered on institutional custody and high-net-worth wealth management.
- Custody fees decline with falling global equity markets
- Net interest margin compresses as Fed cuts rates
- Buybacks accelerate as Basel III rules ease capital constraints
| Net Income: 2.24b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.95 > 1.0 |
| NWC/Revenue: 272.6% < 20% (prev -454.2%; Δ 726.8% < -1%) |
| CFO/TA 0.00 > 3% & CFO 529.3m > Net Income 2.24b |
| Net Debt (-35.3b) to EBITDA (3.80b): -9.30 < 3 |
| Current Ratio: 4.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (184.9m) vs 12m ago -4.39% < -2% |
| Gross Margin: 59.78% > 18% (prev 53.32%; Δ 6.46% > 0.5%) |
| Asset Turnover: 8.65% > 50% (prev 8.57%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 0.49 > 6 (EBIT TTM 3.01b / Interest Expense TTM 6.13b) |
| A: 0.23 (Total Current Assets 51.8b - Total Current Liabilities 10.4b) / Total Assets 179b |
| B: 0.10 (Retained Earnings 17.7b / Total Assets 179b) |
| C: 0.02 (EBIT TTM 3.01b / Avg Total Assets 176b) |
| D: 0.08 (Book Value of Equity 13.4b / Total Liabilities 166b) |
| Altman-Z'' = 2.04 = BBB |
As of August 03, 2026, the stock is trading at USD 182.19 with a total of 1,179,051 shares traded. Over the past week, the price has changed by +0.93%, over one month by +3.22%, over three months by +13.52% and over the past year by +45.97%.
Current recommended Stop Loss: 176.60 (which is 3.1% or 1.3 ATR below the current price).
Northern Trust has received a consensus analysts rating of 2.87. Therefore, it is recommended to hold NTRS.
- StrongBuy: 1
- Buy: 1
- Hold: 10
- Sell: 1
- StrongSell: 2
| Analysts Target Price | 183.8 | 0.9% |
P/E Trailing = 15.6521
P/E Forward = 16.9205
P/S = 3.6688
P/B = 1.792
P/EG = 1.2089
Revenue TTM = 15.2b USD
EBIT TTM = 3.01b USD
EBITDA TTM = 3.80b USD
Long Term Debt = 14.0b USD (from longTermDebt, last quarter)
Short Term Debt = 10.4b USD (from shortTermDebt, last quarter)
Debt = 16.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 663.1m
Net Debt = -35.3b USD (calculated: Debt 16.4b - CCE 51.8b)
Enterprise Value = 33.3b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.49 (Ebit TTM 3.01b / Interest Expense TTM 6.13b)
EV/FCF = 254.3x (Enterprise Value 33.3b / FCF TTM 131.1m)
FCF Yield = 0.39% (FCF TTM 131.1m / Enterprise Value 33.3b)
FCF Margin = 0.86% (FCF TTM 131.1m / Revenue TTM 15.2b)
Net Margin = 14.76% (Net Income TTM 2.24b / Revenue TTM 15.2b)
Gross Margin = 59.78% ((Revenue TTM 15.2b - Cost of Revenue TTM 6.11b) / Revenue TTM)
Gross Margin QoQ = 64.18% (prev 58.34%)
Tobins Q-Ratio = 0.19 (Enterprise Value 33.3b / Total Assets 179b)
Interest Expense / Debt = 37.33% (Interest Expense 6.13b / Debt 16.4b)
Taxrate = 25.75% (777.3m / 3.02b)
NOPAT = 2.24b (EBIT 3.01b * (1 - 25.75%))
Current Ratio = 4.99 (Total Current Assets 51.8b / Total Current Liabilities 10.4b)
Debt / Equity = 1.23 (Debt 16.4b / totalStockholderEquity, last quarter 13.4b)
Debt / EBITDA = -9.30 (Net Debt -35.3b / EBITDA 3.80b)
Debt / FCF = -269.5 (out of range, set to none) (Net Debt -35.3b / FCF TTM 131.1m)
Total Stockholder Equity = 13.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 2.24b / Total Assets 179b)
RoE = 17.14% (Net Income TTM 2.24b / Total Stockholder Equity 13.1b)
RoCE = 11.11% (EBIT 3.01b / Capital Employed (Equity 13.1b + L.T.Debt 14.0b))
RoIC = 1.25% (NOPAT 2.24b / Invested Capital 179b)
WACC = 15.83% (E(33.3b)/V(49.8b) * Re(9.97%) + D(16.4b)/V(49.8b) * Rd(37.33%) * (1-Tc(0.26)))
Discount Rate = 9.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.92 | Cagr: -4.46%
[DCF] Terminal Value 50.51% ; FCFF base≈782.3m ; Y1≈686.1m ; Y5≈554.3m
[DCF] Fair Price = 215.2 (EV 4.05b - Net Debt -35.3b = Equity 39.4b / Shares 183.0m; r=15.83% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 81.01 | EPS CAGR: 30.10% | SUE: 0.33 | # QB: 0
Revenue Correlation: 63.08 | Revenue CAGR: 8.12% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.79 | Chg30d=+3.52% | Revisions=+62% | Analysts=9
EPS current Year (2026-12-31): EPS=12.72 | Chg30d=-1.38% | Revisions=+62% | GrowthEPS=+45.5% | GrowthRev=+13.7%
EPS next Year (2027-12-31): EPS=12.52 | Chg30d=+5.21% | Revisions=+62% | GrowthEPS=-1.6% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +83% (up=15, down=0)