NTRS · NASDAQ · Asset Management

Northern Trust (NTRS)

Delivers asset servicing and wealth management through its principal trust bank.

$174.59
vs last close−4.37 (−2.44%)
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Northern Trust CorporationNTRS
Financial sector

Delivers asset servicing and wealth management through a Chicago-rooted bank holding company. Asset management and related services support both client-facing reporting segments, while bank-subsidiary capital rules help shape operations.

Provides asset servicing and wealth management through a Chicago-rooted bank holding company and its principal subsidiary, The Northern Trust Company. Asset management and related services support clients across both reporting segments.

Asset Servicing expanded its fund-administration, investment-operations outsourcing and custody capabilities through selected additions, including Bank of Ireland Securities Services, Omnium and UBS Asset Management units in Luxembourg and Switzerland. Wealth Management is the other client-facing reporting segment.

A recent operating-model transformation emphasizes client-centric capabilities, standardized critical processes and operational scale. Capital requirements in their operating jurisdictions shape the non-U.S. banking subsidiaries.

Company facts

CEOMichael G. O'Grady
ListedFeb 5, 1971
ExchangeNASDAQ
HeadquartersChicago, IL
CountryUnited States
Employees23,800
CIK0000073124
ISINUS6658591044

Market cap$32.74B
EPS (ttm)$11.65
P/E (ttm)15.36
ROE17.1%
P/B2.44
P/S2.16
Dividend yieldDiv yield1.83%
Beta0.93vs XLF 0.91

Price target$182.50+2.0%Average of 35 analysts
ConsensusHold18 of 35 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 23, 2026Morgan StanleyReiterate
Rating: Target: $170
Rating: UnderweightTarget: $173
Jul 23, 2026Wells FargoReiterate
Rating: Target: $131
Rating: Equal WeightTarget: $194
Jul 23, 2026BarclaysReiterate
Rating: Target: $160
Rating: Equal WeightTarget: $189
Jul 23, 2026RBC CapitalDowngrade
Rating: Outperform
Rating: Sector Perform
Jul 22, 2026RBC CapitalDowngrade
Rating: OutperformTarget: $159
Rating: Sector PerformTarget: $178

Next report
Oct 21, 26
in 29 days
EPS estimate
$2.84
Revenue estimate
$2.25B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$2.26$1.90$2.13$2.29$2.69$2.71$2.97Pending
Estimate$1.96$1.85$2.06$2.26$2.37$2.32$2.71$2.84
Surprise+15.3%+2.7%+3.4%+1.3%+13.5%+16.8%+9.6%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.96B$3.51B$3.60B$3.58B$2.14B$2.21B$2.71BPending
Estimate$1.92B$1.95B$1.97B$2.03B$2.06B$2.12B$2.69B$2.25B
Surprise+1.9%+79.9%+83.2%+76.5%+3.8%+4.4%+0.5%
Estimate$2.84
ReportedDue Oct 21, 2026
Estimate$2.25B
ReportedDue Oct 21, 2026
View details

Debt to equity117.60%
Current ratio499.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.94B$3.68B$3.51B$3.60B$3.58B$3.61B$3.79B$4.21B
Net income$464.9M$455.4M$392.0M$421.3M$457.6M$466.0M$525.5M$792.2M
Net margin11.8%12.4%11.2%11.7%12.8%12.9%13.9%18.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$601.1M$594.2M$521.4M$564.8M$619.5M$625.8M$700.6M$1.06B
YoY growth+307.5%+79.4%−51.9%+3.1%+5.3%+34.4%+88.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $51.76B · Total debt $15.76B · Total assets $179.30B · Shareholders' equity $13.40B

Revenue
$4.21B
Operating income
$1.06B
Net income
$792.2M
View details

Dividend yield
1.83%
Next ex-date
Dec 4, 26
estimated · in 73 days
Annual dividend
$3.28
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.75$0.75$0.75$0.80$0.80$0.80$0.80$0.88
Annual yield2.78%3.06%2.78%2.40%2.33%2.27%1.88%1.76%
Ex-dateDec 6Mar 14Jun 6Sep 5Dec 5Mar 6Jun 5Sep 4
Payment dateJan 1Apr 1Jul 1Oct 1Jan 1Apr 1Jul 1Oct 1
View details

Institutions85.29%156.05M shares
1,042 holders · as of Jun 30, 2026
Insiders0.87%1.60M shares
30 holders · as of Sep 3, 2026
Other13.84%25.31M shares
remainder

182.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.94%14.52Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.44%11.78Mas of Jun 30, 2026
State Street CorpInstitution
4.97%9.10Mas of Jun 30, 2026
FMR LLCInstitution
4.75%8.68Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.60%8.41Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026Thomas A. Southofficer: Executive Vice President−1,800$184.90
Jul 29, 2026Robert Edward Jr. Moritzdirector+255$179.57
Jun 3, 2026Aengus Hallinanofficer: Executive Vice President−3,668$167.36
May 1, 2026Robert Edward Jr. Moritzdirector+225$166.41
Apr 29, 2026David W. Jr Foxofficer: EVP & Chief Financial Officer−13$165.74
View details

  • State Street

    Institutional custody, fund administration and investment management

  • JPMorgan Chase

    Global custody, fund services and private wealth management

  • Citi

    Global securities services and private-bank wealth offerings

  • BlackRock

    Investment products and technology for institutional clients

Compare

CompanyPriceChange
Northern Trust$174.59−2.44%$32.74B15.414.72.2−24.9%
State Street$181.88−1.37%$51.04B16.312.62.2−30.2%
JPMorgan Chase$341.29−3.05%$943.29B15.214.13.2+27.8%
Citi$133.06−1.47%$231.60B14.611.41.3+14.3%
BlackRock$1,072.16−1.66%$168.99B26.118.06.2+30.6%
Median15.713.42.7+21.0%