(NTRS) Northern Trust - NASDAQ
Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 31.961m USD | Total Return: 57.4% in 12m
Avg Turnover: 187M
EPS Trend: 80.6%
Qual. Beats: 0
Rev. Trend: 72.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Idiosyncratic Leader, Confidence
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: 1.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.83 > 1.0 |
| NWC/Revenue: -772.5% < 20% (prev -407.1%; Δ -365.4% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.46b > Net Income 1.87b |
| Net Debt (-43.1b) to EBITDA (3.40b): -12.69 < 3 |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (186.5m) vs 12m ago -4.89% < -2% |
| Gross Margin: 57.34% > 18% (prev 54.20%; Δ 3.13% > 0.5%) |
| Asset Turnover: 8.58% > 50% (prev 9.59%; Δ -1.00% > 0%) |
| Interest Coverage Ratio: 0.40 > 6 (EBIT TTM 2.51b / Interest Expense TTM 6.22b) |
| A: -0.64 (Total Current Assets 43.2b - Total Current Liabilities 156b) / Total Assets 175b |
| B: 0.10 (Retained Earnings 17.1b / Total Assets 175b) |
| C: 0.01 (EBIT TTM 2.51b / Avg Total Assets 170b) |
| D: 0.08 (Book Value of Equity 13.0b / Total Liabilities 162b) |
| Altman-Z'' = -3.73 = D |
| DSRI: 3.0 (Receivables 535.7m/41.1m, Revenue 14.6b/15.8b) |
| GMI: 0.95 (GM 54.20% / 57.34%) |
| AQI: 1.30 (AQ_t 0.75 / AQ_t-1 0.58) |
| SGI: 0.92 (Revenue 14.6b / 15.8b) |
| TATA: -0.00 (NI 1.87b - CFO 2.46b) / TA 175b) |
| Beneish M = -1.31 (Cap -4..+1) = D |
As of June 21, 2026, the stock is trading at USD 172.11 with a total of 2,817,093 shares traded.
Over the past week, the price has changed by +0.80%,
over one month by +4.85%,
over three months by +27.35% and
over the past year by +57.37%.
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 | 171 | -0.6% |
P/E Trailing = 18.0859
P/E Forward = 16.5017
P/S = 3.8215
P/B = 2.6409
P/EG = 1.3535
Revenue TTM = 14.6b USD
EBIT TTM = 2.51b USD
EBITDA TTM = 3.40b USD
Long Term Debt = 14.1b USD (from longTermDebt, last quarter)
Short Term Debt = 10.1b USD (from shortTermDebt, last quarter)
Debt = 17.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 663.1m
Net Debt = -43.1b USD (calculated: Debt 17.0b - CCE 60.2b)
Enterprise Value = 32.0b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.40 (Ebit TTM 2.51b / Interest Expense TTM 6.22b)
EV/FCF = 19.63x (Enterprise Value 32.0b / FCF TTM 1.63b)
FCF Yield = 5.10% (FCF TTM 1.63b / Enterprise Value 32.0b)
FCF Margin = 11.17% (FCF TTM 1.63b / Revenue TTM 14.6b)
Net Margin = 12.83% (Net Income TTM 1.87b / Revenue TTM 14.6b)
Gross Margin = 57.34% ((Revenue TTM 14.6b - Cost of Revenue TTM 6.22b) / Revenue TTM)
Gross Margin QoQ = 58.34% (prev 58.84%)
Tobins Q-Ratio = 0.18 (Enterprise Value 32.0b / Total Assets 175b)
Interest Expense / Debt = 36.52% (Interest Expense 6.22b / Debt 17.0b)
Taxrate = 25.74% (648.3m / 2.52b)
NOPAT = 1.86b (EBIT 2.51b * (1 - 25.74%))
Current Ratio = 0.28 (Total Current Assets 43.2b / Total Current Liabilities 156b)
Debt / Equity = 1.31 (Debt 17.0b / totalStockholderEquity, last quarter 13.0b)
Debt / EBITDA = -12.69 (Net Debt -43.1b / EBITDA 3.40b)
Debt / FCF = -26.49 (Net Debt -43.1b / FCF TTM 1.63b)
Total Stockholder Equity = 12.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.10% (Net Income 1.87b / Total Assets 175b)
RoE = 14.45% (Net Income TTM 1.87b / Total Stockholder Equity 12.9b)
RoCE = 9.30% (EBIT 2.51b / Capital Employed (Equity 12.9b + L.T.Debt 14.1b))
RoIC = 1.07% (NOPAT 1.86b / Invested Capital 174b)
WACC = 15.83% (E(32.0b)/V(49.0b) * Re(9.81%) + D(17.0b)/V(49.0b) * Rd(36.52%) * (1-Tc(0.26)))
Discount Rate = 9.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -4.41%
[DCF] Terminal Value 50.51% ; FCFF base≈2.14b ; Y1≈1.88b ; Y5≈1.52b
[DCF] Fair Price = 293.0 (EV 11.1b - Net Debt -43.1b = Equity 54.2b / Shares 185.0m; r=15.83% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 80.63 | EPS CAGR: 29.77% | SUE: 0.42 | # QB: 0
Revenue Correlation: 72.89 | Revenue CAGR: 12.97% | SUE: 0.64 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.12 | Chg30d=+22.47% | Revisions=+69% | Analysts=12
EPS next Quarter (2026-09-30): EPS=2.65 | Chg30d=-12.38% | Revisions=+38% | Analysts=11
EPS current Year (2026-12-31): EPS=11.23 | Chg30d=+6.25% | Revisions=+60% | GrowthEPS=+28.4% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=11.76 | Chg30d=+5.38% | Revisions=+75% | GrowthEPS=+4.8% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +75%