NORTHERN TRUST CORP
At today's price, NORTHERN TRUST CORP (NTRS) is priced for +13.5% earnings growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Northern Trust earns its living from trust, investment, and servicing fees on the assets it safekeeps and manages, not from lending spreads, and that fee engine grew 11% to $1.34 billion in Q1 2026 while return on average common equity reached 17.4%. [Source: Northern Trust Q1 2026 earnings release, April 2026] • The biggest swing variable is interest rates and market levels: a meaningful share of revenue moves with client cash balances and asset values, so a sharp drop in rates or a market dr
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925 institutional managers reported holding NTRS in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 47%. 109 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NTRS has cut its share count 11% over the past five years, spending $3.05B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $3.10 a share annually. Cash returned over the past three years: $1.65B in dividends and $2.72B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at NTRS over the trailing three years: 2023: 4 buys totaling $1.74M; 2025: 4 buys totaling $577k; 2026: 2 buys totaling $186k. 31 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NTRS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-26 | +11.0% | -14.3% |
| 2023-11-01 | -7.2% | +23.5% |
| 2024-02-28 | -2.2% | +2.0% |
| 2024-04-24 | +0.1% | -2.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NTRS's latest 8-K filings: 2026-04-22 (items 5.07, 9.01); 2026-04-21 (items 7.01, 9.01); 2026-04-21 (items 2.02, 7.01, 9.01); 2026-02-10 (items 7.01, 9.01); 2026-01-22 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.