What is the 13F Pro Quality Score for NTRS?

13F Pro ranks NORTHERN TRUST CORP (NTRS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NTRS's current score at https://13fpro.ai/research/NTRS (free sign-up required for the full ranking).

Which hedge funds own the most NTRS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NTRS include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/NTRS as soon as new 13F filings post.

Where does 13F Pro source NTRS data?

All NORTHERN TRUST CORP fundamentals and ownership data come directly from SEC EDGAR. NORTHERN TRUST CORP files with the SEC under CIK 73124. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NTRS in?

NORTHERN TRUST CORP (NTRS) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives NTRS's revenue?

Per NORTHERN TRUST CORP's latest 10-Q filed with the SEC on 2026-04-30, the biggest revenue drivers are: Trust, Investment and Other Servicing Fees ($1,341.4M, +11% YoY); Net Interest Income ($654.0M, +15% YoY); Other Noninterest Income ($210.2M, +33% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/NTRS.

What are NTRS's largest expenses?

NORTHERN TRUST CORP's latest 10-Q reports these as the largest expense items: Compensation and Benefits ($822.2M, +9% YoY); Equipment and Software ($308.1M, +10% YoY); Outside Services ($236.7M, -3% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is NTRS research updated on 13F Pro?

NTRS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NORTHERN TRUST CORP(NTRS)Stock Analysis

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13F Pro Quality Score

71.8/100

Rank #247 of 2,879 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

56.9/100

Profitability

90.3/100

Balance Sheet

44.0/100

Earnings Quality

70.0/100

Free Cash Flow

96.2/100

Institutional Flow

76.9/100

Revenue Scale

78.2/100

Dilution Risk

46.0/100

NTRS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NORTHERN TRUST CORP (NTRS), a Financials sector company. 13F Pro's AI-powered ranking engine scores NTRS at 71.8/100 on a 32-signal composite quality model, placing it at rank #247 of 2,879 stocks — the top 10% of the AI-ranked universe. NTRS scores in the top quartile across free cash flow (96.2), profitability (90.3), revenue scale (78.2). Shareholder dilution risk is elevated at 46.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NORTHERN TRUST CORP reports quarterly revenue of $2.2B, net income of $525.5M, an operating margin of 31.8%. Top institutional holders of NTRS by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. NTRS trades on the Nasdaq exchange and files with the SEC under CIK 73124. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NTRS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NORTHERN TRUST CORP directly from SEC EDGAR. NORTHERN TRUST CORP's 13F Pro composite quality score has ranged between 68 and 72 since 2026, currently 71.8 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.

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Fun facts about NORTHERN TRUST CORP

Quirks, history, and lore behind NTRS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · large-cap · listed on Nasdaq · headquartered in Chicago, Illinois.
2
The Numbers
It manages roughly $1 trillion in assets under management and serves clients with combined assets under custody and administration well north of $10 trillion — big numbers for a name most people can't place.
3
The History
Founded in 1889, it has operated continuously for well over a century, growing from a small Midwest bank into one of the most quietly powerful institutional custodians on the planet.
4
The Secret
It doesn't chase retail customers — its bread and butter is ultra-high-net-worth individuals, pension funds, and endowments who want boring, reliable custody and wealth management.
5
The Lore
It's a founding member of the "custody bank" club alongside household names like State Street and BNY Mellon — yet it quietly serves some of the wealthiest families in North America without a single TV ad.
6
The Giveaway
A Chicago institution since 1889, its name literally promises trustworthiness from the north side of the city — and its ticker is exactly what you'd expect if you abbreviated those two words.

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What's Driving NTRS's Business? Latest 10-Q Breakdown

✓ 19/19 datapoints verified

AI-extracted from NORTHERN TRUST CORP's 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Northern Trust Q1 2026 net income rose 34% to $525.5M, driven by 14% revenue growth to $2.2B, fueled by higher trust fees, stronger trading income, and improved net interest margin despite lower deposit margins.

Biggest Revenue Drivers

Total revenue: $2.2B+14% YoY

Trust, Investment and Other Servicing Fees$1,341.4M+11% YoY

Favorable markets, net new business, and favorable currency movement, particularly in custody and investment management.

Net Interest Income$654.0M+15% YoY

Higher deposit levels, partially offset by lower interest rates and reduced loan balances.

Other Noninterest Income$210.2M+33% YoY

Higher foreign exchange trading volumes driven by market volatility and growth in outsourced trading activity.

Largest Expense Items

Compensation and Benefits$822.2M+9% YoY

Higher annual base pay adjustments, higher incentives, increased pension expense, and unfavorable currency movement.

Equipment and Software$308.1M+10% YoY

Higher software support expense and increased software amortization.

Outside Services$236.7M-3% YoY

Modest decrease from prior year quarter.

Margins: Net interest margin on an FTE basis improved to 1.75% from 1.69% YoY, primarily driven by lower funding costs despite lower interest rates. The benefit of higher deposit levels was partially offset by reduced margins on deposits.

Watch Items from the Filing

Assets under custody/administration declined 1% from year-end to $18.6B due to market volatility; AUM fell 1% to $1.8B despite 11% growth in outflows from Q1 2025.
Nonaccrual loans decreased 28% to $55.0M, indicating improved asset quality, but 90+ days past due loans still accruing rose to $41.7M from $25.0M at year-end.
Capital ratios remain well-capitalized under Basel III; CET1 ratio declined from 12.6% to 12.0%, approaching regulatory minimums if stress capital buffer is added (7.0%).
Visa Class B conversion uncertainty: Northern Trust participated in April 2026 Visa Class B-2 to Class B-3/C exchange offer; ultimate conversion rate and timing remain dependent on unresolved litigation.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$2.2B

Net Income

Q1 2026

$525.5M

Free Cash Flow

Q1 2026

$-329.4M

Operating Margin

Q1 2026

31.8%

ROIC

Q1 2026

5.4%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-2.5% YoY

$8.09BFY 2025

FY21 $6.46BFY23 $6.77BFY24 $8.29BFY25 $8.09B

Net Income

-14.5% YoY

$1.74BFY 2025

FY21 $1.55BFY23 $1.11BFY24 $2.03BFY25 $1.74B

EPS (Diluted)

-10.5% YoY

$8.74FY 2025

FY21 $7.14FY23 $5.08FY24 $9.77FY25 $8.74

Total Assets

+13.9% YoY

$177.13BFY 2025

FY21 $183.89BFY23 $150.78BFY24 $155.51BFY25 $177.13B

Op. Cash Flow

+1238.6% YoY

$5.53BFY 2025

FY21 $1.36BFY23 $2.63BFY24 $-486.0MFY25 $5.53B

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2019	FY 2018
Revenue	$8.09B -2.5%	$8.29B +22.4%	$6.77B +4.8%	$6.46B +6.4%	$6.07B +1.9%	$5.96B
Net Income	$1.74B -14.5%	$2.03B +83.4%	$1.11B -28.3%	$1.55B +3.6%	$1.49B -4.1%	$1.56B
EPS (Diluted)	$8.74 -10.5%	$9.77 +92.3%	$5.08 -28.9%	$7.14 +7.7%	$6.63 -0.2%	$6.64
Total Assets	$177.13B +13.9%	$155.51B +3.1%	$150.78B -18.0%	$183.89B +34.4%	$136.83B +3.5%	$132.21B
Operating Cash Flow	$5.53B +1238.6%	$-486.0M -118.5%	$2.63B +93.6%	$1.36B -47.7%	$2.59B +46.6%	$1.77B

AI Insight: NTRS Financial Trends

Revenue grew 9.5% from Q2 2024 to Q1 2026, but net income remains well below pre-Q4 2024 spike; operating cash flow deteriorated sharply in Q4 2025 and Q1 2026.

• Revenue expanded from $1,166M (Q2 2024) to $2,206M (Q1 2026), a 9.5% CAGR over 8 quarters.

• Net income ranged $392M–$526M across Q1 2025–Q1 2026, averaging $465.75M; substantially below $896M in Q2 2024.

• Operating cash flow turned negative in Q4 2024 (–$2.6B) and Q1 2026 (–$320M); positive but declining in Q1–Q3 2025.

⚠ Operating cash flow deterioration in latest quarter (–$320M) after modest recovery in mid-2025; needs clarification on drivers.

⚠ Equity drifted up 2.6% from Q2 2024 ($12.7B) to Q1 2026 ($13.0B); debt leverage stable but earnings power remains compressed.

AI Insight: NTRS Ratio Trends

NTRS margins and returns have normalized to mid-30s operating margins and ~16% ROE after Q2 2024 spike, with steady sequential improvement through Q1 2026.

• Operating margin recovered to 31.8% in Q1 2026 from trough of 12.4% in Q4 2024, signaling stabilization after Q2 2024 anomaly.

• ROE climbed to 16.2% in Q1 2026 from 12.2% low in Q1 2025, marking four consecutive quarters of sequential gains.

• ROIC expanded 5.4pp from 16.2% in Q1 2025 to 21.6% in Q1 2026, best level in trailing dataset.

⚠ Q2 2024 OpMargin (100.6%) and NPM (76.8%) appear anomalous; confirm whether one-time gain or accounting event inflated that quarter.

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Available Research

13F Pro tracks comprehensive data for NORTHERN TRUST CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NTRS

BlackRock, Inc.
$2.0B14,369,855 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.6B11,783,530 sh
FMR LLC
$1.5B10,809,890 sh
STATE STREET CORP
$1.3B9,082,748 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.2B8,419,232 sh
PRIMECAP MANAGEMENT CO/CA/
$914.0M6,549,037 sh
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
$821.1M5,805,716 sh
NORTHERN TRUST CORP
$820.2M5,876,501 sh
GEODE CAPITAL MANAGEMENT, LLC
$718.3M5,165,371 sh
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO
$578.5M4,145,102 sh

Fund	Value	Shares
BlackRock, Inc.	$2.0B	14,369,855
VANGUARD CAPITAL MANAGEMENT LLC	$1.6B	11,783,530
FMR LLC	$1.5B	10,809,890
STATE STREET CORP	$1.3B	9,082,748
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.2B	8,419,232
PRIMECAP MANAGEMENT CO/CA/	$914.0M	6,549,037
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$821.1M	5,805,716
NORTHERN TRUST CORP	$820.2M	5,876,501
GEODE CAPITAL MANAGEMENT, LLC	$718.3M	5,165,371
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	$578.5M	4,145,102

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Is NTRS a good stock to buy?

13F Pro's AI-powered analysis of NORTHERN TRUST CORP (NTRS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NTRS are available on the NTRS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NTRS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NTRS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NORTHERN TRUST CORP's investment landscape.