Northern Trust (NTRS)

The Northern Trust Company • Equity Data Science, Inc. • Equity Data Science India Private Limited • MFC Company, Inc. • Norlease, Inc. • Northern CDE Corporation • Northern Community Investments, LLC • TNT-APF NMTC Fund, LLC • TNT-Beacon Point NMTC Fund, LLC • TNT-BH NMTC Fund, LLC ...

IRS number

362723087

NTRS stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$136.00

Low target

$131.00

High target

$142.00

Latest filings (excl ownership)

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Prospectus supplement for primary offering

13 Nov 25

FWP

Free writing prospectus

12 Nov 25

424B5

Prospectus supplement for primary offering

30 Oct 25

Northern Trust Corporation Reports Third Quarter Net Income of $457.6 Million, Earnings Per Diluted Common Share of $2.29

22 Oct 25

8-K

Departure of Directors or Certain Officers

3 Sep 25

N-PX

Annual report of proxy voting record

30 Jul 25

Transcripts

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NTRS

Earnings call transcript

2025 Q3

22 Oct 25

NTRS

Earnings call transcript

2025 Q2

23 Jul 25

NTRS

Earnings call transcript

2025 Q1

22 Apr 25

NTRS

Earnings call transcript

2024 Q4

23 Jan 25

NTRS

Earnings call transcript

2024 Q3

23 Oct 24

NTRS

Earnings call transcript

2024 Q2

17 Jul 24

NTRS

Earnings call transcript

2024 Q1

16 Apr 24

NTRS

Earnings call transcript

2023 Q4

18 Jan 24

NTRS

Earnings call transcript

2023 Q3

18 Oct 23

NTRS

Earnings call transcript

2023 Q2

19 Jul 23

Latest ownership filings

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John Landers

18 Nov 25

144

Notice of proposed sale of securities

14 Nov 25

13F-HR

Quarterly holdings report by institutional manager

Notice of proposed sale of securities

6 Nov 25

Susan Cohen Levy

5 Nov 25

Robert Edward Jr. Moritz

Notice of proposed sale of securities

4 Nov 25

Financial summary

Financial statements Chart NTRS financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.35 bn	5.35 bn	5.35 bn	5.35 bn	5.35 bn	5.35 bn
Cash burn (monthly)	359.07 mm	127.13 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	779.13 mm	275.85 mm	n/a	n/a	n/a	n/a
Cash remaining	4.57 bn	5.07 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	12.7	39.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

NTRS institutional ownership history Ownership history

88.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	771	714	+8.0%
Opened positions	126	90	+40.0%
Closed positions	69	63	+9.5%
Increased positions	244	237	+3.0%
Reduced positions	265	261	+1.5%

13F shares	Current	Prev Q	Change
Total value	16.46 tn	14.51 tn	+13.5%
Total shares	166.89 mm	166.74 mm	+0.1%
Total puts	276.80 k	440.40 k	-37.1%
Total calls	304.70 k	691.50 k	-55.9%
Total put/call ratio	0.9	0.6	+42.6%

Largest owners	Shares	Value	Change
Vanguard	22.53 mm	$2.31 tn	-0.8%
FMR	17.80 mm	$1.82 tn	-2.1%
BlackRock	15.13 mm	$1.55 tn	-3.2%
STT State Street	9.17 mm	$947.09 bn	+4.9%
Massachusetts Financial Services	7.49 mm	$767.38 bn	+1.2%
Primecap Management	6.72 mm	$688.86 bn	-5.1%
NTRS Northern Trust	5.85 mm	$599.71 bn	+0.1%
GS The Goldman Sachs Group, Inc.	4.93 mm	$505.21 bn	+3.5%
Geode Capital Management	4.90 mm	$501.44 bn	+0.6%
State Farm Mutual Automobile Insurance	4.41 mm	$452.02 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	2.96 mm	-1.33 mm	-31.0%
American Century Companies	2.99 mm	-1.07 mm	-26.3%
Fiduciary Management	0.00	-950.34 k	EXIT
Nuance Investments	926.08 k	-900.84 k	-49.3%
Norges Bank	815.12 k	+815.12 k	NEW
KBCSF KBC	963.81 k	+644.26 k	+201.6%
RY Royal Bank of Canada	1.50 mm	+562.98 k	+60.2%
BlackRock	15.13 mm	-503.28 k	-3.2%
Cerity Partners	555.63 k	+454.96 k	+451.9%
RAIFF Raiffeisen Bank International	449.65 k	+449.65 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NTRS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Dec 25	Clive Bellows	Common Stock	Payment of exercise	Dispose F	No	No	131.01	169	22.14 k	28,567
17 Nov 25	John Landers	Common Stock	Sell	Dispose S	No	No	124.35	766	95.25 k	7,313
6 Nov 25	Steven L Fradkin	Common Stock	Sell	Dispose S	Yes	No	128	4,688	600.06 k	39,659
6 Nov 25	Steven L Fradkin	Common Stock	Sell	Dispose S	Yes	No	128	4,688	600.06 k	150,908
4 Nov 25	Susan Cohen Levy	Common Stock	Sell	Dispose S	No	No	128.74	7,177	923.97 k	48,257
4 Nov 25	Susan Cohen Levy	Common Stock	Sell	Dispose S	No	No	127.92	20,414	2.61 mm	55,434
4 Nov 25	Susan Cohen Levy	Common Stock	Option exercise	Acquire M	No	No	58.25	27,591	1.61 mm	75,848
4 Nov 25	Susan Cohen Levy	Employee Stock Option (right-to-buy) Common Stock	Option exercise	Dispose M	No	No	58.25	27,591	1.61 mm	0
4 Nov 25	Robert Edward Jr. Moritz	Common Stock	Buy	Acquire P	No	No	128.57	3,891	500.27 k	6,686