NTRS Stock Analysis: Northern Trust | NASDAQ
Asset Management | NASDAQ, USA | Market Cap: 31.935m USD | 12M Return: 31.4% | US6658591044 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 176M
EPS Trend: 81.0%
Qual. Beats: 0
Rev. Trend: 63.1%
Qual. Beats: 0
Warnings
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: 2.24b 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 October 03, 2026, the stock is trading at USD 171.40 with a total of 1,054,987 shares traded. Over the past week, the price has changed by -2.46%, over one month by -6.40%, over three months by -2.43% and over the past year by +31.36%.
Current recommended Stop Loss: 161.70 (which is 5.7% or 2.5 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 | 184.3 | 7.5% |
P/E Trailing = 15.0086
P/E Forward = 13.7741
P/S = 3.5149
P/B = 2.5425
P/EG = 0.9845
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 = 31.9b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.49 (Ebit TTM 3.01b / Interest Expense TTM 6.13b)
EV/FCF = 243.6x (Enterprise Value 31.9b / FCF TTM 131.1m)
FCF Yield = 0.41% (FCF TTM 131.1m / Enterprise Value 31.9b)
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 = 0.18 (Enterprise Value 31.9b / 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 = 16.09% (E(31.9b)/V(48.4b) * Re(10.11%) + D(16.4b)/V(48.4b) * Rd(37.33%) * (1-Tc(0.26)))
Discount Rate = 10.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.85 | Cagr: -4.51%
[DCF] Terminal Value 49.88% ; FCFF base≈782.3m ; Y1≈686.1m ; Y5≈554.3m
[DCF] Fair Price = 214.8 (EV 3.97b - Net Debt -35.3b = Equity 39.3b / Shares 183.0m; r=16.09% [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=2.82 | Chg30d=+0.76% | Revisions=+40% | Analysts=9
EPS current Year (2026-12-31): EPS=12.73 | Chg30d=-0.10% | Revisions=+40% | GrowthEPS=+45.6% | GrowthRev=+14.4%
EPS next Year (2027-12-31): EPS=12.59 | Chg30d=+0.37% | Revisions=+40% | GrowthEPS=-1.1% | GrowthRev=+1.9%
[Analyst] Revisions Ratio: +67% (up=6, down=0)