| Market cap | $18.31B |
|---|---|
| Enterprise value | $16.93B |
| Revenue | $6.675B |
|---|---|
| EBITDA | $1.961B |
| Income | $945.600M |
| Revenue Q/Q | -4.30% |
| Revenue Y/Y | -1.29% |
| P/E | 18.26 |
|---|---|
| Forward P/E | 11.03 |
| EV/Sales | 2.54 |
| EV/EBITDA | 8.63 |
| EV/EBIT | 12.91 |
| PEG | 2.26 |
| Price/Sales | 2.74 |
| P/FCF | 27.60 |
| Price/Book | 1.54 |
| Book/Share | 53.86 |
| Cash/Share | N/A |
| FCF yield | 3.62% |
| Volume | 740.238k / 1.139M |
|---|---|
| Relative vol. | 0.65 × |
| EPS | 4.54 |
|---|---|
| EPS Q/Q | 0.00% |
| Est. EPS Q/Q | -7.85% |
| Profit margin | 16.41% |
|---|---|
| Oper. margin | 19.65% |
| Gross margin | 100.00% |
| EBIT margin | 19.65% |
| EBITDA margin | 29.39% |
| Ret. on assets | 0.65% |
|---|---|
| Ret. on equity | 8.32% |
| ROIC | 0.96% |
| ROCE | 0.84% |
| Debt/Equity | 11.67 |
|---|---|
| Net debt/EBITDA | -48.75 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 1.80% |
|---|---|
| Beta | 1.01 |
| RSI | 48.41 |
|---|
| Insider ownership | 0.40% |
|---|---|
| Inst. ownership | 85.00% |
| Shares outst. | 204.592M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 1.47% |
| Short ratio | 2.72 |
| Dividend | $3.00 |
|---|---|
| Dividend yield | 3.61% |
| Payout ratio | 66.08% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 17 Jul 2024 |
Monday, 1 July 2024
|
|
| Northern Trust Releases Sustainability Report | |
Sunday, 2 June 2024
|
|
| Don't Race Out To Buy Northern Trust Corporation Just Because It's Going Ex-Dividend | |
Friday, 31 May 2024
|
|
| The Best Place to Live in Chicago | |
Monday, 20 May 2024
|
|
| Equip Super Completes Transition to Northern Trust for Asset Servicing Solutions | |
Tuesday, 14 May 2024
|
|
| Northern Trust Appointed as Custodian for Firefighters’ Retirement System of Louisiana | |
Tuesday, 7 May 2024
|
|
| JPMorgan just gave itself an $8 billion boost | |
| Northern Trust and EDS Selected by Cornerstone FTM for Research Management and Portfolio Construction Capabilities | |
Thursday, 2 May 2024
|
|
| Northern Trust Universe Data: Solid Gains for Institutional Plans in Q1 as Global Equity Markets Surge | |
Wednesday, 1 May 2024
|
|
| Northern Trust Survey: Asset Managers Pursue ‘Right Product, Right Fit’ Strategy to Drive Distribution | |
Thursday, 25 April 2024
|
|
| Northern Trust Upgrades Cloud-Based Insurance Accounting and Analytics Application | |
Tuesday, 16 April 2024
|
|
| Northern Trust Corp Posts Q1 Earnings of $0.96 Per Share, Missing Analyst Projections | |
Tuesday, 12 March 2024
|
|
| Northern Trust Releases 2023 Philanthropic Impact Report | |
Monday, 4 March 2024
|
|
| Northern Trust Appoints Dotti Reeder Market President for Dallas-Fort Worth | |
Monday, 12 February 2024
|
|
| Northern Trust Corporation to Webcast First Quarter 2024 Earnings Conference Call and Annual Meeting of Stockholders | |
Friday, 9 February 2024
|
|
| Northern Trust Leaders to Participate in RBC Capital Markets Global Financial Institutions Conference on March 6th | |
Monday, 5 February 2024
|
|
| 11 Best Asset Management Stocks to Buy Now | |
Monday, 22 January 2024
|
|
| Best Momentum Stocks to Buy for January 22nd | |
Sunday, 21 January 2024
|
|
| Northern Trust Is Paying Out A Dividend Of $0.75 | |
Friday, 12 January 2024
|
|
| PNC or NTRS: Which Is the Better Value Stock Right Now? | |
| Northern Trust Corporation Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures | |
| Earnings Preview: Comerica Incorporated Q4 Earnings Expected to Decline | |
Thursday, 11 January 2024
|
|
| Is Northern Trust Corporation a Quality-Value Financial Stock? | |
Monday, 8 January 2024
|
|
| Northern Trust Asset Management Names Co-Head of Wealth Client Group | |
Wednesday, 6 December 2023
|
|
| Northern Trust Selected as Custodian for Nebraska Investment Council Pension Funds | |
Thursday, 16 November 2023
|
|
| Northern Trust Anchor Award Goes to Nourishing Hope | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Peter Cherecwich President/Asset Servicing | Sale 15 May 2024 | $1,045,080 |
| Steven L Fradkin President/Wealth Management | Option 1 May 2024 | $238,650 |
| Charles D Powell | Option 16 Apr 2024 | $147,584 |
| Steven L Fradkin President/Wealth Management | Option 21 Feb 2024 | $1,770,334 |
| Jason J. Tyler EVP and Chief Financial Officer | Option 6 Feb 2024 | $150,056 |
| Michael O'grady Chairman and CEO | Option 24 Jan 2024 | $1,500,013 |
| Susan Cohen Levy EVP and General Counsel | Buy 24 Oct 2023 | $322,050 |
| Jason J. Tyler EVP and Chief Financial Officer | Buy 24 Oct 2023 | $112,210 |
| Michael O'grady Chairman and CEO | Buy 23 Oct 2023 | $1,302,000 |
| Charles D Powell | Option 25 Apr 2023 | $104,969 |
| Lauren E Allnutt EVP and Controller | Sale 9 Mar 2023 | $48,801 |
Powered by
Robintrack.
Price target
Current $82.90
Average $91.62
Low $85
High $99
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +3.45% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.61% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 3.48% | Growth 3 years | +12.62% | |
| Last dividend | Yield 5 years | 3.01% | Growth 5 years | +9.11% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Michael O'Grady (54) Chairman of the Board, President, and Chief Executive Officer since 2019 | 54 | 2019 | $9,459,770 |
| Steven Fradkin (58) Executive Vice President and President - Wealth Management since 2014 | 58 | 2014 | $6,202,750 |
| Peter Cherecwich (55) Executive Vice President, President – Corporate, and Institutional Services since 2017 | 55 | 2017 | $4,467,250 |
| Robert Browne (54) Executive Vice President and Chief Investment Officer since 2014 | 54 | 2014 | $3,867,730 |
| Jay Henderson (64) Lead Independent Director since 2019 | 64 | 2019 | $257,186 |
| Donald Thompson (57) Independent Director since 2015 | 57 | 2015 | $254,947 |
| David Smith (53) Independent Director since 2010 | 53 | 2010 | $254,947 |
| Dean Harrison (65) Independent Director since 2015 | 65 | 2015 | $250,290 |
| Martin Slark (65) Independent Director since 2011 | 65 | 2011 | $240,745 |
| Charles Tribbett (64) Independent Director since 2005 | 64 | 2005 | $234,947 |
| Linda Bynoe (68) Independent Director since 2006 | 68 | 2006 | $234,947 |
| Susan Crown (61) Independent Director since 1997 | 61 | 1997 | $231,947 |
| Siddharth Mehta (62) Independent Director since 2019 | 62 | 2019 | $230,808 |
| Marcy Klevorn (60) Independent Director since 2019 | 60 | 2019 | $230,808 |
| Thomas Richards (65) Independent Director since 2015 | 65 | 2015 | $229,947 |
| Jose Prado (65) Independent Director since 2012 | 65 | 2012 | $223,051 |
| Mark Bette | |||
| Lauren Allnutt (43) Senior Vice President and Controller since 2019 | 43 | 2019 | |
| Shundrawn Thomas (46) Executive Vice President and President - Asset Management since 2017 | 46 | 2017 | |
| Teresa Parker (59) Executive Vice President, President – Corporate, Institutional Services, Europe, Middle East, and Africa since 2017 | 59 | 2017 | |
| Susan Levy (62) Executive Vice President, General Counsel, and Corporate Secretary since 2018 | 62 | 2018 | |
| Mark Gossett (58) Executive Vice President and Chief Risk Officer since 2020 | 58 | 2020 | |
| Thomas South (50) Executive Vice President and Chief Information Officer since 2018 | 50 | 2018 | |
| Joyce St. Clair (60) Chief Human Resource Officer and Executive Vice President since 2018 | 60 | 2018 | |
| Jason Tyler (49) Chief Financial Officer and Executive Vice President since 2020 | 49 | 2020 |
northern trust corporation (nasdaq: ntrs) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. founded in chicago in 1889, northern trust has offices in the united states in 19 states and washington, d.c., and 20 international locations in canada, europe, the middle east and the asia-pacific region. as of september 30, 2015, northern trust corporation had: $120 billion in banking assets $6.0 trillion in assets under custody $887 billion in assets under management for over 125 years, northern trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. we seek qualified people for a wide range of challenging positions and who are interested in building a career with a global growth company, excel in a team oriented environment, yet respect others and have strong values and principles. the northern trust company is
- Finance > Asset Management & Custody Banks
- Northern Trust Corp., 50 South La Salle Street, Chicago 60603, United States
- 312-630-6000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +3.45% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.61% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 3.48% | Growth 3 years | +12.62% | |
| Last dividend | Yield 5 years | 3.01% | Growth 5 years | +9.11% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $46,950.7 | $41,056.7 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $488 | $502.2 | |||
| Goodwill & intangible assets | $697.5 | $702.3 | |||
| Total noncurrent assets | |||||
| Total investments | $96,803.7 | $97,520.9 | |||
| Total assets | $156,111 | $150,783.1 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $16,450.6 | $17,236.1 | |||
| Total liabilities | $144,009.2 | $138,885.2 | |||
| Stockholders' equity | |||||
| Retained earnings | $14,278.9 | $14,233.8 | |||
| Other stockholder equity | -$917.6 | -$1,137.9 | |||
| Total stockholder equity | $12,101.8 | $11,897.9 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $41,056.7 | $46,657.7 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $502.2 | $500.5 | ||
| Goodwill & intangible assets | $702.3 | $691.3 | ||
| Total noncurrent assets | ||||
| Total investments | $97,520.9 | $95,633.7 | ||
| Total assets | $150,783.1 | $155,036.7 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $17,236.1 | $14,846.8 | ||
| Total liabilities | $138,885.2 | $143,777.2 | ||
| Stockholders' equity | ||||
| Retained earnings | $14,233.8 | $13,798.5 | ||
| Other stockholder equity | -$1,137.9 | -$1,569.2 | ||
| Total stockholder equity | $11,897.9 | $11,259.5 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $1,655.3 | $1,534.3 | |||
| Cost of revenue | |||||
| Gross profit | $1,655.3 | $1,534.3 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $1,264.3 | $1,211.7 | |||
| Total operating expenses | $1,364.7 | $1,388.5 | |||
| Operating income | $290.6 | $145.8 | |||
| Income from continuing operations | |||||
| EBIT | $290.6 | $145.8 | |||
| Income tax expense | $75.9 | $32.7 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $214.7 | $113.1 | |||
| Income (for common shares) | $198.5 | $108.4 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6,749 | $6,749.2 | ||
| Cost of revenue | ||||
| Gross profit | $6,749 | $6,749.2 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $4,811.3 | $4,623.6 | ||
| Total operating expenses | $5,284.2 | $4,982.9 | ||
| Operating income | $1,464.8 | $1,766.3 | ||
| Income from continuing operations | ||||
| EBIT | $1,464.8 | $1,766.3 | ||
| Income tax expense | $357.5 | $430.3 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $1,107.3 | $1,336 | ||
| Income (for common shares) | $1,065.5 | $1,294.2 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $214.7 | $113.1 | |||
| Operating activities | |||||
| Depreciation | $170.3 | $169 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | |||||
| Total cash flows from operations | -$1,452.6 | $2,803.2 | |||
| Investing activities | |||||
| Capital expenditures | -$127.8 | -$210.3 | |||
| Investments | -$5,409.9 | -$4,620.1 | |||
| Total cash flows from investing | -$4,793.4 | -$4,863 | |||
| Financing activities | |||||
| Dividends paid | -$153.6 | -$154.2 | |||
| Sale and purchase of stock | -$127.9 | -$145.8 | |||
| Net borrowings | -$748.8 | -$2,596.7 | |||
| Total cash flows from financing | $6,936 | $1,708.1 | |||
| Effect of exchange rate | -$172.8 | $187.5 | |||
| Change in cash and equivalents | $517.2 | -$164.2 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $1,107.3 | $1,336 | ||
| Operating activities | ||||
| Depreciation | $634.6 | $553.6 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | ||||
| Total cash flows from operations | $2,625.6 | $2,392.4 | ||
| Investing activities | ||||
| Capital expenditures | -$675.8 | -$723.5 | ||
| Investments | $5,493.4 | $27,214.6 | ||
| Total cash flows from investing | $4,784.1 | $25,929.8 | ||
| Financing activities | ||||
| Dividends paid | -$621.5 | -$750.2 | ||
| Sale and purchase of stock | -$345.2 | -$31.5 | ||
| Net borrowings | $2,307 | $7,387.7 | ||
| Total cash flows from financing | -$7,182.6 | -$26,437.4 | ||
| Effect of exchange rate | -$89.8 | -$287.4 | ||
| Change in cash and equivalents | $137.3 | $1,597.4 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Confluence Investment Management |
-2.59%
|
1,157,594 | $97,214,756 |
| 2024 Q2 | Dnb Asset Management As |
+4.83%
|
35,255 | $2,960,715 |
| 2024 Q2 | Thurston, Springer, Miller, Herd & Titak, Inc |
Opened
|
237 | $19,916 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+23.09%
|
805 | $67,604 |
| 2024 Q1 | Fiduciary Management Inc wi/ |
-16.54%
|
2,023,231 | $179,905,701 |
| 2024 Q1 | Ariel Investments |
-3.87%
|
2,552,389 | $226,958,430 |
| 2024 Q1 | Nicholas Company, Inc |
-26.53%
|
137,960 | $12,267,403 |
| 2024 Q1 | New York State Common Retirement Fund |
-20.44%
|
189,146 | $16,819 |
| 2024 Q1 | Wilkins Investment Counsel Inc |
+42.86%
|
154,207 | $13,712,086 |
| 2024 Q1 | Polaris Capital Management |
+10.23%
|
406,200 | $36,119,304 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Geode Capital Management | 2.30% | 4,715,441 | |
| Ariel Investments | 1.25% | 2,552,389 | |
| Fiduciary Management Inc wi/ | 0.99% | 2,023,231 | |
| Confluence Investment Management | 0.57% | 1,157,594 | |
| Polaris Capital Management | 0.20% | 406,200 | |
| California State Teachers Retirement System | 0.16% | 327,252 | |
| New York State Common Retirement Fund | 0.09% | 189,146 | |
| Speece Thorson Capital Group Inc | 0.08% | 164,732 | |
| Old Republic International Corp | 0.08% | 160,500 | |
| Wilkins Investment Counsel Inc | 0.08% | 154,207 |
Sign up