Northern Trust (NTRS)
Financials · NASDAQ · US
Price as at 1 Oct 2026, 22:18 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Northern Trust trades at $169.20, which is 117% below the $367.29 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 19.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
NTRS dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.48 | 3 |
| 2025 | $3.10 | 4 |
| 2024 | $3.00 | 4 |
| 2023 | $3.00 | 4 |
| 2022 | $2.90 | 4 |
| 2021 | $2.80 | 4 |
| 2020 | $2.80 | 4 |
| 2019 | $2.60 | 4 |
| 2018 | $1.94 | 4 |
| 2017 | $1.60 | 4 |
| 2016 | $1.48 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
NTRS earnings and analyst estimates
Recommendation mix, 15 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Northern Trust
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. 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 analytics services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, banking, and cash management services. It 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 services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage; and private and business banking services. This segment also provides global custody, fiduciary services, family office consulting, and technology solutions to high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. In addition, it offers asset management and related services comprising active and passive equity; active and passive fixed income; cash management; multi-asset and alternative asset classes that include 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. Further, the company provides overlay and other risk management services. The company was founded in 1889 and is headquartered in Chicago, Illinois.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
NTRS passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$511.06M · 0.2% of book
- John Rogers, ARIEL INVESTMENTS, LLC$169.03M · 1.7% of book
- Ken Griffin, CITADEL ADVISORS LLC$69.82M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$39.49M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$34.12M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in NTRS
We hold 15 disclosed trades in NTRS by members of Congress and executive-branch officials. The latest 5:
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 18 Mar 2020 · disclosed 16 Apr 2020
- Dean Phillips · HouseBuy · $1,001 - $15,000 · traded 5 Mar 2020 · disclosed 10 Apr 2020
- Dean Phillips · HouseBuy · $1,001 - $15,000 · traded 28 Feb 2020 · disclosed 12 Mar 2020
- Dean Phillips · HouseBuy · $1,001 - $15,000 · traded 15 Jan 2020 · disclosed 7 Feb 2020
- Dean Phillips · HouseBuy · $1,001 - $15,000 · traded 14 Jan 2020 · disclosed 7 Feb 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
NTRS peers
The largest companies in the same industry, then in the same sector.
- INVE-B.ST Investor AB
- BRK-B Berkshire Hathaway Inc.
- JPM JPMorgan Chase & Co.
- V Visa Inc.
- DNB.OL DNB Bank
- MA Mastercard Inc.
- SEB-A.ST SEB
- 601398.SS ICBC
Every financials company we cover is on the Financials hub.
Common questions
Is Northern Trust (NTRS) undervalued?
Against our fair value estimate of $367.29, NTRS at $169.20 is 117% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own NTRS?
14 of the institutions we track reported a position in NTRS in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is NTRS's P/E ratio?
NTRS trades at 19.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Northern Trust (NTRS) pay a dividend?
Yes. Northern Trust yields 1.74% at the current share price. It has paid $3.28 per share over the trailing twelve months. It has paid a dividend in each of the last 40 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its NTRS data?
Fundamentals for NTRS come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 22:18 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for NTRS, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.