NTRS
Financial ServicesNorthern Trust Corporation · Banks - Diversified · $31B
What is Northern Trust Corporation?
Northern Trust Corporation is a Chicago-based financial holding company serving wealthy individuals, families, and institutional investors worldwide. It combines wealth management, asset servicing, and banking under one roof, with a client base that spans sovereign wealth funds to high-net-worth families.
Northern Trust operates through two primary segments. Asset Servicing provides custody, fund administration, securities lending, foreign exchange, and investment operations outsourcing to institutional clients such as pension funds, endowments, and insurance companies. Wealth Management delivers trust services, investment management, estate administration, philanthropic advisory, and private banking to high-net-worth individuals, families, and business owners. The company also offers a range of active and passive investment strategies, cash management, and alternative asset class exposure across both segments.
Northern Trust was founded in 1980 and is headquartered in Chicago, Illinois.
- Custody and fund administration for institutional investors
- Wealth management and trust services for high-net-worth clients
- Investment operations outsourcing and risk analytics
- Securities lending and foreign exchange services
- Private banking and philanthropic advisory
Is NTRS a Good Stock to Buy?
UQS Score rates NTRS as Below Average overall, reflecting meaningful headwinds across several key dimensions.
The Quality pillar stands out as the clearest positive — Northern Trust maintains a business model with recurring fee-based revenue and a long-standing institutional client base. Valuation is rated Attractive, suggesting the market may already be pricing in the company's challenges, which could interest patient, value-oriented investors.
Growth and Risk are both rated Weak, pointing to limited near-term earnings momentum and elevated exposure to factors that could pressure results. The Moat pillar is Neutral, indicating competitive advantages exist but are not dominant relative to peers.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does NTRS pay dividends?
Yes — Northern Trust Corporation pays a dividend.
Northern Trust pays a regular dividend, consistent with its identity as a mature, fee-driven financial institution. The company has historically prioritized returning capital to shareholders alongside share repurchases. Investors seeking income from large-cap financial services names often consider NTRS for its dividend track record, though dividend sustainability should always be weighed against the Risk pillar profile.
When does NTRS report earnings?
Northern Trust reports earnings on a quarterly cadence, typical for US-listed financial holding companies.
Results in recent periods have reflected the broader pressures facing asset managers and custodians, including fee compression and shifting interest rate dynamics. Growth has been constrained, consistent with the Weak Growth pillar rating in the UQS framework.
For the most recent quarter's results and guidance, visit Northern Trust's investor relations page directly.
NTRS Price History
+64.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Northern Trust Corporation?
Based on Northern Trust Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
NTRS Long-term Outlook
The fundamental outlook for Northern Trust is cautious. A Weak Growth pillar suggests the company faces structural headwinds in expanding revenues at a pace that would re-rate the stock meaningfully higher. The Weak Risk pillar adds another layer of uncertainty, encompassing interest rate sensitivity, credit exposure, and operational complexity inherent in global custody and wealth management. That said, an Attractive Valuation rating indicates the current price may reflect these risks, leaving room for a recovery scenario if macro conditions improve.
Growth drivers
- Expansion of institutional asset servicing mandates globally
- Growth in ultra-high-net-worth wealth management relationships
- Increased demand for outsourced investment operations
Key risks
- Prolonged low-fee-growth environment in asset management
- Interest rate sensitivity affecting net interest income
- Elevated operational and regulatory complexity in global custody
NTRS vs Peers
Northern Trust competes in the asset servicing and wealth management space alongside several well-capitalized peers.
Ares focuses on alternative credit and private equity strategies, targeting a different client mix than Northern Trust's custody and wealth management model.
State Street is Northern Trust's closest direct rival in institutional custody and fund administration, competing for many of the same pension and sovereign wealth fund mandates.
T. Rowe Price competes primarily through active investment management, with a stronger retail and retirement fund presence compared to Northern Trust's institutional custody focus.
Frequently Asked Questions
What does Northern Trust do?
Northern Trust provides wealth management, asset servicing, asset management, and banking services to institutions, corporations, and high-net-worth individuals worldwide. Its two main segments are Asset Servicing — covering custody, fund administration, and securities lending — and Wealth Management, which serves affluent families and business owners with trust, investment, and private banking services.
Does NTRS pay dividends?
Yes, Northern Trust pays a regular dividend. The company has a history of returning capital to shareholders through dividends and share repurchases, consistent with its profile as a mature, fee-driven financial institution. Investors should review the current dividend rate and payout history on Northern Trust's investor relations page.
When does NTRS report earnings?
Northern Trust reports earnings on a quarterly cadence, as is standard for US-listed financial holding companies. For the exact schedule and most recent results, check Northern Trust's investor relations page, where earnings dates and press releases are published.
Is NTRS a good stock to buy?
The UQS Score rates NTRS as Below Average overall. While the Quality pillar is Good and Valuation is Attractive, the Growth and Risk pillars are both Weak, signaling meaningful challenges. Whether NTRS fits a portfolio depends on individual risk tolerance and investment goals. The full pillar breakdown is available to UQS Pro members.
Is NTRS overvalued?
The UQS Valuation pillar for NTRS is rated Attractive, suggesting the stock is not considered overvalued relative to its fundamentals within the UQS framework. This may reflect the market pricing in the company's growth and risk challenges. Pro members can view the detailed valuation metrics behind this rating.
How does NTRS compare to its competitors?
Northern Trust competes most directly with State Street in institutional custody and fund administration. Compared to T. Rowe Price, Northern Trust has a stronger custody and trust focus rather than active fund management. Ares Management operates in alternative assets, making it a more indirect competitor. Each firm carries a different UQS profile — explore comparisons on UQS Score.
What is NTRS's market cap bracket?
Northern Trust is classified as a large-cap company. This places it among the more established, widely followed names in the financial services sector, typically associated with greater institutional ownership and analyst coverage than mid- or small-cap peers.
Who founded Northern Trust?
Northern Trust was founded in 1980 and is headquartered in Chicago, Illinois. The company has grown over decades into one of the leading custody and wealth management institutions in the United States. Full founding history is widely available through Northern Trust's official corporate resources.
Is NTRS a long-term quality investment?
As a long-term quality indicator, the UQS Score rates NTRS as Below Average, driven largely by Weak Growth and Weak Risk scores. The Good Quality rating and Attractive Valuation offer some foundation, but investors focused on long-term compounding should weigh the structural growth challenges carefully. The complete analysis is available to Pro members.
What is the main competitive advantage of Northern Trust?
Northern Trust's Moat pillar is rated Neutral, indicating some competitive advantages — such as its trusted brand among ultra-high-net-worth clients and deep institutional custody relationships — but these are not considered dominant relative to the broader peer group. Switching costs and long-standing client relationships provide a degree of stability.
What sector does NTRS belong to?
Northern Trust operates in the Financial Services sector, specifically within asset management, custody banking, and wealth management. This sector is sensitive to interest rate cycles, regulatory changes, and capital market conditions, all of which influence the company's revenue and risk profile.
Is NTRS a growth stock or value stock?
Based on the UQS framework, NTRS leans toward value territory — the Valuation pillar is Attractive while the Growth pillar is Weak. This combination suggests the stock may appeal more to value-oriented investors than those seeking high earnings growth, though the Weak Risk rating tempers that framing.
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Pro Analysis
NTRS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 20, 2026 | 53.5 | 60.5 | 42.0 | 33.2 | 52.2 | 89.2 | -0.2 |
| May 9, 2026 | 53.7 | 61.0 | 42.0 | 33.2 | 52.2 | 89.8 | +0.2 |
| May 7, 2026 | 53.5 | 60.7 | 42.0 | 33.2 | 52.2 | 89.3 | -0.1 |
| May 6, 2026 | 53.6 | 60.8 | 42.0 | 33.2 | 52.2 | 89.6 | +5.2 |
| Apr 20, 2026 | 48.4 | 64.2 | 42.0 | 30.8 | 15.6 | 88.8 | -2.1 |
| Apr 13, 2026 | 50.5 | 64.2 | 50.0 | 30.8 | 15.6 | 89.8 | +1.7 |
| Apr 10, 2026 | 48.8 | 64.2 | 42.0 | 30.8 | 15.6 | 92.0 | +0.2 |
| Apr 5, 2026 | 48.6 | 64.2 | 42.0 | 29.7 | 15.6 | 91.6 | 0.0 |
| Apr 2, 2026 | 48.6 | 64.2 | 42.0 | 29.7 | 15.6 | 91.8 | — |
NTRS — Pillar Breakdown
Quality
— 60.2/100 (25%)Northern Trust Corporation shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 33.2/100 (20%)Northern Trust Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 52.2/100 (15%)Northern Trust Corporation has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 88.7/100 (15%)Northern Trust Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Moat
— 42/100 (25%)Northern Trust Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NTRS.
Score Composition
Financial Data
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How is the NTRS UQS Score Calculated?
The UQS (Unified Quality Score) for Northern Trust Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Northern Trust Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Northern Trust Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.