Overview Dividends

(NTRS) Northern Trust - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6658591044

Asset Servicing, Wealth Management

Asset Management & Custody Banks
Market Cap in USD: 26,590m

IPO / Inception: 1990-03-26
Return 12m vs S&P 500: 20.1%

EPS (Earnings per Share)

EPS CAGR: 4.96%
EPS Trend: 25.5%

Last SUE: 0.05
Qual. Beats: 0

Revenue

Rev. CAGR: 22.57%
Rev. Trend: 88.7%

Last SUE: 0.70
Qual. Beats: 0

Dividends

Dividend Yield	2.20%
Yield on Cost 5y	3.90%
Yield CAGR 5y	1.74%
Payout Consistency	94.9%
Payout Ratio	36.1%

Risk via 5d forecast
Volatility	26.3%
Value at Risk 5%th	37.6%
Relative Tail Risk	-13.16%

Reward TTM
Sharpe Ratio	1.19
Alpha	21.61
CAGR/Max DD	0.59

Character TTM
Hurst Exponent	0.569
Beta	1.093
Beta Downside	1.143

Drawdowns 3y
Max DD	34.76%
Mean DD	10.83%
Median DD	9.15%

Description: NTRS Northern Trust December 17, 2025

Northern Trust Corporation (NASDAQ: NTRS) is a U.S.-based financial holding company that operates two primary segments: Asset Servicing and Wealth Management. The Asset Servicing segment delivers custody, fund administration, securities lending, foreign-exchange, treasury, brokerage, and cash-management services to a broad institutional client base that includes corporate retirement plans, sovereign wealth funds, insurance companies, and fund managers. The Wealth Management segment provides trust, investment-management, brokerage, private-banking, and family-office services to high-net-worth individuals, business owners, and privately-held enterprises.

Key operating metrics (FY 2023) show ≈ $1.4 trillion in assets under custody/administration and ≈ $1.2 trillion in wealth-management assets under management, generating $5.6 billion in revenue with a net income of $1.1 billion, reflecting a profit margin of roughly 20 %. The firm’s revenue mix is roughly 55 % from Asset Servicing and 45 % from Wealth Management, indicating balanced exposure to both institutional and affluent-client cycles.

Sector drivers that materially affect Northern Trust include (1) the ongoing fee-compression pressure in custodial services, mitigated by the firm’s higher-margin advisory and risk-analytics offerings; (2) rising interest-rate environments that boost net interest income on cash-management and banking products; and (3) increasing demand for ESG-focused reporting and data solutions, where Northern Trust’s technology platform provides a competitive edge.

Assuming the FY 2024 outlook follows the same growth trajectory, the company’s AUM-driven fee revenue could grow 3-5 % year-over-year, but this is contingent on sustained market volatility that fuels demand for outsourced investment-operations services. A material shift in regulatory capital requirements or a prolonged low-rate environment would materially alter these expectations.

For a deeper quantitative dive into Northern Trust’s valuation dynamics, you might explore the analytics on ValueRay to see how its forward-looking metrics compare to peers.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (1.73b TTM) > 0 and > 6% of Revenue (6% = 862.1m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA -1.70pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -476.4% (prev -418.1%; Δ -58.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.01 (>3.0%) and CFO 2.51b > Net Income 1.73b (YES >=105%, WARN >=100%)

Net Debt (-41.07b) to EBITDA (3.06b) ratio: -13.40 <= 3.0 (WARN <= 3.5)

Current Ratio 0.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (191.0m) change vs 12m ago -4.76% (target <= -2.0% for YES)

Gross Margin 55.21% (prev 50.82%; Δ 4.39pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 8.81% (prev 9.93%; Δ -1.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.36 (EBITDA TTM 3.06b / Interest Expense TTM 6.44b) >= 6 (WARN >= 3)

Altman Z'' -2.12

(A) -0.40 = (Total Current Assets 69.48b - Total Current Liabilities 137.92b) / Total Assets 170.26b

(B) 0.10 = Retained Earnings (Balance) 16.40b / Total Assets 170.26b

(D) 0.10 = Book Value of Equity 16.17b / Total Liabilities 157.31b

Total Rating: -2.12 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 60.25

1. Piotroski 5.0pt

2. FCF Yield -6.29%

3. FCF Margin 11.93%

4. Debt/Equity 1.21

5. Debt/Ebitda -13.40

6. ROIC - WACC (= -2.36)%

7. RoE 13.41%

8. Rev. Trend 88.70%

9. EPS Trend 25.52%

What is the price of NTRS shares?

As of December 25, 2025, the stock is trading at USD 140.70 with a total of 300,715 shares traded.
Over the past week, the price has changed by +2.12%, over one month by +9.94%, over three months by +9.30% and over the past year by +39.53%.

Is NTRS a buy, sell or hold?

Northern Trust has received a consensus analysts rating of 2.87. Therefor, it is recommend to hold NTRS.

Strong Buy: 1
Buy: 1
Hold: 10
Sell: 1
Strong Sell: 2

What are the forecasts/targets for the NTRS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	134.6	-4.3%
Analysts Target Price	134.6	-4.3%
ValueRay Target Price	156.4	11.2%

NTRS Fundamental Data Overview December 23, 2025

Market Cap USD = 26.59b (26.59b USD * 1.0 USD.USD)
P/E Trailing = 16.2541
P/E Forward = 14.9477
P/S = 3.3518
P/B = 2.1849
P/EG = 7.114
Beta = 1.28
Revenue TTM = 14.37b USD
EBIT TTM = 2.30b USD
EBITDA TTM = 3.06b USD
Long Term Debt = 13.52b USD (from longTermDebt, last quarter)
Short Term Debt = 2.12b USD (from shortTermDebt, last quarter)
Debt = 15.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -41.07b USD (from netDebt column, last quarter)
Enterprise Value = -27.25b USD (26.59b + Debt 15.64b - CCE 69.48b)
Interest Coverage Ratio = 0.36 (Ebit TTM 2.30b / Interest Expense TTM 6.44b)
FCF Yield = -6.29% (FCF TTM 1.71b / Enterprise Value -27.25b)
FCF Margin = 11.93% (FCF TTM 1.71b / Revenue TTM 14.37b)
Net Margin = 12.02% (Net Income TTM 1.73b / Revenue TTM 14.37b)
Gross Margin = 55.21% ((Revenue TTM 14.37b - Cost of Revenue TTM 6.43b) / Revenue TTM)
Gross Margin QoQ = 57.07% (prev 55.04%)
Tobins Q-Ratio = -0.16 (set to none) (Enterprise Value -27.25b / Total Assets 170.26b)
Interest Expense / Debt = 9.93% (Interest Expense 1.55b / Debt 15.64b)
Taxrate = 26.13% (161.9m / 619.5m)
NOPAT = 1.70b (EBIT 2.30b * (1 - 26.13%))
Current Ratio = 0.50 (Total Current Assets 69.48b / Total Current Liabilities 137.92b)
Debt / Equity = 1.21 (Debt 15.64b / totalStockholderEquity, last quarter 12.96b)
Debt / EBITDA = -13.40 (Net Debt -41.07b / EBITDA 3.06b)
Debt / FCF = -23.95 (Net Debt -41.07b / FCF TTM 1.71b)
Total Stockholder Equity = 12.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.01% (Net Income 1.73b / Total Assets 170.26b)
RoE = 13.41% (Net Income TTM 1.73b / Total Stockholder Equity 12.87b)
RoCE = 8.71% (EBIT 2.30b / Capital Employed (Equity 12.87b + L.T.Debt 13.52b))
RoIC = 6.68% (NOPAT 1.70b / Invested Capital 25.43b)
WACC = 9.04% (E(26.59b)/V(42.23b) * Re(10.04%) + D(15.64b)/V(42.23b) * Rd(9.93%) * (1-Tc(0.26)))
Discount Rate = 10.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.82%
[DCF Debug] Terminal Value 71.37% ; FCFE base≈2.72b ; Y1≈2.72b ; Y5≈2.90b
Fair Price DCF = 195.0 (DCF Value 36.88b / Shares Outstanding 189.1m; 5y FCF grow -0.32% → 3.0% )
EPS Correlation: 25.52 | EPS CAGR: 4.96% | SUE: 0.05 | # QB: 0
Revenue Correlation: 88.70 | Revenue CAGR: 22.57% | SUE: 0.70 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.08 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=10
EPS next Year (2026-12-31): EPS=9.34 | Chg30d=+0.007 | Revisions Net=+11 | Growth EPS=+8.2% | Growth Revenue=+4.1%

Additional Sources for NTRS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle