Northern Trust (NTRS) Stock Price, News & Analysis

Company Overview

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; muti-asset and alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $108.79 to $109.88
• 50-Day Range: $88.24 to $109.32
• 52-Week Range: $75.55 to $109.88
• Volume: 122,042 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $21.74 billion
• P/E Ratio: 13.64
• Dividend Yield: 2.73%
• Price Target: $100.67
• Consensus Rating: Hold

Northern Trust Stock Analysis - MarketRank™

Northern Trust scored higher than 77% of companies evaluated by MarketBeat, and ranked 308th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Northern Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 6 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Northern Trust has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.41%

Earnings Growth

Earnings for Northern Trust are expected to grow by 4.41% in the coming year, from $7.49 to $7.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northern Trust is 13.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northern Trust is 13.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.46.

Price to Earnings Growth Ratio

Northern Trust has a PEG Ratio of 1.21. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Northern Trust has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.91% of the float of Northern Trust has been sold short.

Short Interest Ratio / Days to Cover

Northern Trust has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northern Trust has recently decreased by 43.85%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Northern Trust pays a meaningful dividend of 2.78%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Northern Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northern Trust is 37.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Northern Trust will have a dividend payout ratio of 38.36% next year. This indicates that Northern Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.91% of the float of Northern Trust has been sold short.

Short Interest Ratio / Days to Cover

Northern Trust has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northern Trust has recently decreased by 43.85%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.47

News Sentiment

Northern Trust has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Northern Trust this week, compared to 8 articles on an average week.

Search Interest

10 people have searched for NTRS on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Northern Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Northern Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,176,652.00 in company stock.

Percentage Held by Insiders

Only 0.64% of the stock of Northern Trust is held by insiders.

Percentage Held by Institutions

83.19% of the stock of Northern Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NTRS Stock Analysis - Frequently Asked Questions

How have NTRS shares performed this year?

Northern Trust's stock was trading at $84.38 at the start of the year. Since then, NTRS stock has increased by 29.6% and is now trading at $109.32.
View the best growth stocks for 2024 here.

How were Northern Trust's earnings last quarter?

Northern Trust Co. (NASDAQ:NTRS) posted its quarterly earnings results on Wednesday, July, 17th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.03. The firm's revenue for the quarter was up 53.8% compared to the same quarter last year.
Read the conference call transcript.

Does Northern Trust have any subsidiaries?

The following companies are subsidiaries of Northern Trust: Parilux, BEx LLC, Aviate Global, Omnium LLC, 50 South Capital Advisors LLC, Admiral Nominees Limited, Arnold Limited, and others.

Who are Northern Trust's major shareholders?

Northern Trust's top institutional investors include FMR LLC (9.18%), State Street Corp (4.41%), Massachusetts Financial Services Co. MA (3.73%) and Primecap Management Co. CA (3.57%). Insiders that own company stock include Michael O'grady, Teresa Parker, Thomas A South, Steven L Fradkin, Jason J Tyler, Mark C Gossett, Susan Cohen Levy, Lauren E Allnutt, Peter Cherecwich, Charles A Tribbett and Becerra Jose Luis Prado.
View institutional ownership trends.

How do I buy shares of Northern Trust?

Shares of NTRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Northern Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northern Trust investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/17/2024
• Ex-Dividend for 10/1 Dividend: 9/06/2024
• Dividend Payable: 10/01/2024
• Today: 11/22/2024
• Ex-Dividend for 1/1 Dividend: 12/06/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/01/2025
• Next Earnings (Estimated): 1/16/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:NTRS
• CUSIP: 66585910
• CIK: 73124
• Web: www.northerntrust.com
• Phone: (312) 630-6000
• Fax: 302-655-5049
• Employees: 23,100
• Year Founded: 1889

Price Target and Rating

• Average Stock Price Target: $100.67
• High Stock Price Target: $115.00
• Low Stock Price Target: $82.00
• Potential Upside/Downside: -7.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.04
• Trailing P/E Ratio: 13.60
• Forward P/E Ratio: 14.60
• P/E Growth: 1.21
• Net Income: $1.11 billion
• Net Margins: 10.92%
• Pretax Margin: 14.30%
• Return on Equity: 12.75%
• Return on Assets: 0.94%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 0.71
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: $12.12 billion
• Price / Sales: 1.79
• Cash Flow: $9.73 per share
• Price / Cash Flow: 11.23
• Book Value: $59.85 per share
• Price / Book: 1.83

Miscellaneous

• Outstanding Shares: 198,220,000
• Free Float: 196,949,000
• Market Cap: $21.67 billion
• Optionable: Optionable
• Beta: 1.06