Northern Trust Corp (NTRS)
Financials · Asset Management & Custody Banks · US stock · S&P 500 component
$165.54
▲ +0.10 (0.06%)
Fair valueOvervalued
$117 −29.6% to fair value
$58fair band $70–$163$175
Day's range
$164.68 – $168.87
52-week range
$118.61 – $194.86
Red flags⚠ Dividend may be at risk
About Northern Trust Corp
Northern Trust is a Chicago-based financial institution that provides asset servicing, wealth management and asset management. Institutional clients such as pension funds, asset managers and corporations use it to hold, administer and report on their investments, while wealthy individuals and families use its private banking and wealth advice. The business is organised around corporate and institutional services and wealth management, and it also manages money through its asset management arm.
The bank earns income from fees for custody, administration, investment management and wealth advice, together with net interest income on its deposits and loans. Revenue is $8.3 billion over the last twelve months, rising 6.1% a year across the last three years. The operating margin is 36.2%, and the business earns a profit of 29% on the capital invested in it. The dividend yield is 2.0%. On the site's X-Ray Score it receives 41 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $118.61 – $194.86Volume 2,595,700Daily, split-adjusted
Vitals
Market cap$30.6B
52-week range$118.61 – $194.86
Volume (last day)2,595,700
P/E (TTM)13.9
EBIT / EV yield12.1%
Free-cash-flow yield1.5%
Dividend yield2.0%
Revenue (TTM)$8.3B
Net income (TTM)$2.2B
Operating margin36.2%
Return on capital29.2%
Debt incl. leasesData missing
Cash & securities$5.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$117
Overvalued
−29.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $166
Undervalued < $70Fair $70 – $163Overvalued > $163
Excess-return (bank)
$92
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
36/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield12.1%
Free-cash-flow yield1.5%
Fair value vs price0.7×
Growth
Weak
45/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)6.1%
EPS growth (3y)12.5%
Growth consistency90%
Profitability
Weak
50/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital29.2%
Operating margin36.2%
Financial health
Weak
43/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Interest coverNo interest cost
Dividends
Weak
17/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.0%
Dividends vs free cash flow136%
Dividend growth-7.6%
Quarterly results: last 6 quarters
+6.2%
Mar '25
+5.6%
Jun '25
+5.8%
Sep '25
-8.5%
Dec '25
+10.5%
Mar '26
+9.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.3B.
Compare with peers
AMP Ameriprise Financial I...60 APO Apollo Global Manageme...51 STT State Street Corp50 BX Blackstone Inc.49Other Asset Management & Custody Banks companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 3 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.8B | $6.8B | $8.3B | $8.1B |
| Operating income | $2.0B | $2.8B | $6.8B | $2.7B | $2.3B |
| Net income | $1.5B | $1.3B | $1.1B | $2.0B | $1.7B |
| Operating cash flow | $1.4B | $2.4B | $2.6B | −$486M | $5.5B |
| Operating margin | 31.5% | 40.8% | 100.5% | 32.1% | 28.9% |
| Free cash flow | $1.3B | $2.3B | $2.5B | −$588M | $5.5B |
| Diluted EPS | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 167.5 | Bearish |
| EMA 10 | 167.5 | Bearish |
| SMA 20 | 170.5 | Bearish |
| EMA 20 | 170.5 | Bearish |
| SMA 50 | 179.2 | Bearish |
| EMA 50 | 175.0 | Bearish |
| SMA 100 | 177.7 | Bearish |
| EMA 100 | 173.4 | Bearish |
| SMA 200 | 163.0 | Bullish |
| EMA 200 | 163.5 | Bullish |
Oscillators (daily)
| RSI (14) | 34.73 | Neutral |
| MACD (12, 26) | -3.87 | Bearish |
| Momentum (12) | -2.26 | Bearish |
| Stochastic %K (14) | 38.65 | Neutral |
| Williams %R (14) | -61.35 | Neutral |
| CCI (20) | -85.66 | Neutral |
Pivot points (classic, last session)
S3 159.7 | S2 162.2 | S1 163.9 | Pivot 166.4 | R1 168.0 | R2 170.6 | R3 172.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.28 USD
Yield on today's price
1.98%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 0.8800 |
| 5 Jun 2026 | 0.8000 |
| 6 Mar 2026 | 0.8000 |
| 5 Dec 2025 | 0.8000 |
| 5 Sep 2025 | 0.8000 |
| 6 Jun 2025 | 0.7500 |
| 14 Mar 2025 | 0.7500 |
| 6 Dec 2024 | 0.7500 |
| 6 Sep 2024 | 0.7500 |
| 7 Jun 2024 | 0.7500 |
| 7 Mar 2024 | 0.7500 |
| 7 Dec 2023 | 0.7500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
NTRS SEC filings
29 Sep 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
3 Aug 2026
8-KSEC EDGAR
Other events
30 Jul 2026
10-QSEC EDGAR
Quarterly report
22 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
30 Apr 2026
10-QSEC EDGAR
Quarterly report
22 Apr 2026
8-KSEC EDGAR
Shareholder vote results
21 Apr 2026
8-KSEC EDGAR
Regulation FD disclosure
21 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.