NTRS Stock Analysis: Northern Trust | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 30.338m USD | 12M Return: 37.5% | US6658591044 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 202M
EPS Trend: 79.6%
Qual. Beats: 1
Rev. Trend: 32.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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 is a U.S.-based financial holding company founded in 1889 and headquartered in Chicago, Illinois. It operates through two main segments: Asset Servicing, which provides custody, fund administration, and related services to institutional clients such as corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds; and Wealth Management, which offers investment management, trust, fiduciary, private banking, and family office services to high-net-worth individuals, families, business owners, and executives.
In addition, the company delivers asset management products spanning active and passive equity, fixed income, cash management, and alternative strategies, distributed through separately managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, and private investment funds. As a participant in the Asset Management & Custody Banks sub-industry, Northern Trust operates a predominantly fee-based business model, with revenue tied to assets under custody/administration and assets under management rather than traditional net interest income.
- Net interest margin compresses as Fed cuts rates
- Custody and fund administration fees decline with equity markets
- Wealth Management AUM grows on private client inflows
| Net Income: 2.43b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.95 > 1.0 |
| NWC/Revenue: -1.08k% < 20% (prev -463.4%; Δ -611.7% < -1%) |
| CFO/TA 0.00 > 3% & CFO 529.3m > Net Income 2.43b |
| Net Debt (21.3b) to EBITDA (3.28b): 6.49 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (183.2m) vs 12m ago -4.10% < -2% |
| Gross Margin: 61.26% > 18% (prev 55.21%; Δ 6.05% > 0.5%) |
| Asset Turnover: 8.56% > 50% (prev 8.44%; Δ 0.12% > 0%) |
| Interest Coverage Ratio: 0.42 > 6 (EBIT TTM 2.50b / Interest Expense TTM 5.98b) |
| A: -0.97 (Total Current Assets 6.29b - Total Current Liabilities 156b) / Total Assets 154b |
| B: 0.11 (Retained Earnings 16.7b / Total Assets 154b) |
| C: 0.02 (EBIT TTM 2.50b / Avg Total Assets 162b) |
| D: 0.10 (Book Value of Equity 12.5b / Total Liabilities 124b) |
| Altman-Z'' = -5.79 = D |
As of October 24, 2026, the stock is trading at USD 167.92 with a total of 1,508,796 shares traded. Over the past week, the price has changed by +1.44%, over one month by -3.49%, over three months by -5.19% and over the past year by +37.47%.
Current recommended Stop Loss: 163.00 (which is 2.9% or 1.3 ATR below the current price).
Northern Trust has received a consensus analysts rating of 3.06. Therefore, it is recommended to hold NTRS.
- StrongBuy: 2
- Buy: 0
- Hold: 12
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 182.6 | 8.7% |
P/E Trailing = 13.0876
P/E Forward = 13.7741
P/S = 3.2509
P/B = 2.5425
P/EG = 0.9845
Revenue TTM = 13.9b USD
EBIT TTM = 2.50b USD
EBITDA TTM = 3.28b USD
Long Term Debt = 14.0b USD (from longTermDebt, last fiscal year)
Short Term Debt = 12.9b USD (from shortTermDebt, last fiscal year)
Debt = 27.6b USD (corrected: LT Debt 14.0b + ST Debt 12.9b) + Leases 663.1m
Net Debt = 21.3b USD (calculated: Debt 27.6b - CCE 6.29b)
Enterprise Value = 51.6b USD (30.3b + Debt 27.6b - CCE 6.29b)
Interest Coverage Ratio = 0.42 (Ebit TTM 2.50b / Interest Expense TTM 5.98b)
EV/FCF = 393.9x (Enterprise Value 51.6b / FCF TTM 131.1m)
FCF Yield = 0.25% (FCF TTM 131.1m / Enterprise Value 51.6b)
FCF Margin = 0.94% (FCF TTM 131.1m / Revenue TTM 13.9b)
Net Margin = 17.46% (Net Income TTM 2.43b / Revenue TTM 13.9b)
Gross Margin = 61.26% ((Revenue TTM 13.9b - Cost of Revenue TTM 5.38b) / Revenue TTM)
Gross Margin QoQ = 64.51% (prev 64.18%)
Tobins Q-Ratio = 0.33 (Enterprise Value 51.6b / Total Assets 154b)
Interest Expense / Debt = 21.67% (Interest Expense 5.98b / Debt 27.6b)
Taxrate = 24.06% (769.0m / 3.20b)
NOPAT = 1.90b (EBIT 2.50b * (1 - 24.06%))
Current Ratio = 0.04 (Total Current Assets 6.29b / Total Current Liabilities 156b)
Debt / Equity = 2.21 (Debt 27.6b / totalStockholderEquity, last quarter 12.5b)
Debt / EBITDA = 6.49 (Net Debt 21.3b / EBITDA 3.28b)
Debt / FCF = 162.5 (Net Debt 21.3b / FCF TTM 131.1m)
Total Stockholder Equity = 13.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.49% (Net Income 2.43b / Total Assets 154b)
RoE = 18.73% (Net Income TTM 2.43b / Total Stockholder Equity 13.0b)
RoCE = 9.29% (EBIT 2.50b / Capital Employed (Equity 13.0b + L.T.Debt 14.0b))
RoIC = 17.43% (NOPAT 1.90b / Invested Capital 10.9b)
WACC = 12.84% (E(30.3b)/V(57.9b) * Re(9.56%) + D(27.6b)/V(57.9b) * Rd(21.67%) * (1-Tc(0.24)))
Discount Rate = 9.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.72 | Cagr: -4.62%
[DCF] Terminal Value 58.32% ; FCFF base≈782.3m ; Y1≈686.1m ; Y5≈554.3m
[DCF] Fair Price = N/A (negative equity: EV 5.15b - Net Debt 21.3b = -16.2b; debt exceeds intrinsic value)
EPS Correlation: 79.62 | EPS CAGR: 28.50% | SUE: 2.53 | # QB: 1
Revenue Correlation: 32.93 | Revenue CAGR: 2.93% | SUE: 0.01 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.94 | Chg30d=+0.65% | Revisions=+12% | Analysts=9
EPS current Year (2026-12-31): EPS=13.40 | Chg30d=+5.13% | Revisions=+36% | GrowthEPS=+53.3% | GrowthRev=+14.1%
EPS next Year (2027-12-31): EPS=12.91 | Chg30d=+2.72% | Revisions=+55% | GrowthEPS=-3.7% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: +46% (up=16, down=5)