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Northern Trust (NTRS)

Northern Trust Corporation is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2020, Northern Trust had assets under custody/administration of US$13.1 trillion, and assets under management of US$1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.

Company profile

Ticker
NTRS, NTRSO
Exchange
CEO
Michael O'Grady
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
The Northern Trust Company • Equity Data Science, Inc. • Equity Data Science India Private Limited • MFC Company, Inc. • Norlease, Inc. • Northern CDE Corporation • Northern Operating Solutions Private Limited • Northern Trust Company • Northern Trust Guernsey Holdings Limited • Northern Trust (Guernsey) Limited ...
IRS number
362723087

NTRS stock data

Investment data

Data from SEC filings
Top 50 of 4701 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
$32.48B 186.03M
$26.73B 86.71M
$19.17B 6.88M
$15.74B 4.83M
$10.83B 265.55M
$9.46B 8.77M
$9.39B 68.57M
$7.6B 27.87M
$6.36B 17.16M
$6.2B 13.73M
$6.04B 34.05M
$5.73B 25.77M
$5.36B 10.5M
$4.9B 35.92M
$4.74B 31.01M
$4.29B 19.34M
$4.05B 24.85M
$4.03B 13.48M
$3.95B 47.82M
$3.73B 10.45M
$3.67B 22.63M
$3.44B 66.51M
$3.29B 23.96M
$3.23B 11.27M
$3.04B 54.53M
$3.03B 73.58M
$3.01B 8.94M
$3B 25.37M
$3B 4.76M
$2.99B 5.19M
$2.95B 17.65M
$2.86B 46.21M
$2.73B 13.05M
$2.65B 5.82M
$2.52B 11.89M
$2.52B 10.97M
$2.47B 4.18M
$2.44B 29.74M
Vanguard Intl Equity Index F
$2.44B 46.68M
$2.43B 48.93M
$2.42B 47.59M
$2.41B 16.19M
$2.35B 8M
$2.34B 9.46M
$2.33B 49.78M
$2.27B 16.89M
$2.23B 12.17M
$2.03B 13.32M
$2.01B 7.35M
$1.99B 41.05M
Holdings list only includes long positions. Only includes long positions.

Calendar

26 Jul 22
11 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 5.12B 5.12B 5.12B 5.12B 5.12B 5.12B
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 536.93M (no burn)
Cash used (since last report) n/a n/a n/a n/a 754.69M n/a
Cash remaining n/a n/a n/a n/a 4.37B n/a
Runway (months of cash) n/a n/a n/a n/a 8.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 22 Smith David Byron JR Common Stock Gift Acquire G Yes No 0 2,040 0 31,924
1 Jul 22 Crown Susan Common Stock Units Grant Acquire A No No 97.72 58.05 5.67K 30,572.65
1 Jul 22 Bynoe Linda Common Stock Grant Acquire A No No 97.72 48.64 4.75K 28,313.05
1 Jul 22 Klevorn Marcy S Common Stock Grant Acquire A No No 97.72 32.08 3.13K 5,854.34
1 Jul 22 Slark Martin P Common Stock Grant Acquire A No No 97.72 38.44 3.76K 14,573.6
82.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 665 702 -5.3%
Opened positions 55 110 -50.0%
Closed positions 92 56 +64.3%
Increased positions 236 214 +10.3%
Reduced positions 231 222 +4.1%
13F shares Current Prev Q Change
Total value 19.95B 20.25B -1.5%
Total shares 171.3M 169.17M +1.3%
Total puts 137.5K 143.4K -4.1%
Total calls 295.3K 252.8K +16.8%
Total put/call ratio 0.5 0.6 -17.9%
Largest owners Shares Value Change
Vanguard 22.71M $2.64B +2.1%
BLK Blackrock 15.68M $1.83B +1.7%
STT State Street 9.71M $1.14B -0.4%
FMR 8.52M $992.65M -1.2%
AMP Ameriprise Financial 7.19M $836.97M +47.4%
JPM JPMorgan Chase & Co. 7.14M $831.25M +0.7%
NTRS Northern Trust 6.15M $715.66M -4.8%
American Century Companies 4.81M $560.63M +1.5%
Barrow Hanley Mewhinney & Strauss 4.79M $558.21M +6.3%
State Farm Mutual Automobile Insurance 4.41M $513.54M 0.0%
Largest transactions Shares Bought/sold Change
AMP Ameriprise Financial 7.19M +2.31M +47.4%
Norges Bank 0 -1.34M EXIT
PRU Prudential Financial 183.52K -681.21K -78.8%
Junto Capital Management 654.92K +654.92K NEW
Balyasny Asset Management 719.15K +627.48K +684.5%
Eaton Vance Management 600.91K +550.01K +1080.5%
Mairs & Power 525.91K +525.91K NEW
Vanguard 22.71M +457.75K +2.1%
Millennium Management 22.56K -437.3K -95.1%
NN Investment Partners 1.47M +368.75K +33.4%

Financial report summary

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Risks
  • Our business and results of operations generally have been, and may continue to be, adversely affected by the ongoing COVID-19 pandemic.
  • We are dependent on fee-based business for a majority of our revenues, which may be affected adversely by market volatility, a downturn in economic conditions, underperformance and/or negative trends in investment preferences.
  • Changes in interest rates can affect our earnings negatively.
  • Changes in the monetary, trade and other policies of various regulatory authorities, central banks, governments and international agencies may reduce our earnings and affect our growth prospects negatively.
  • Uncertainty about the financial stability of various regions or countries across the globe, including the risk of defaults on sovereign debt and related stresses on financial markets, could have a significant adverse effect on our earnings.
  • Declines in the value of securities held in our investment portfolio can affect us negatively.
  • Volatility levels and fluctuations in foreign currency exchange rates may affect our earnings.
  • Changes in a number of particular market conditions can affect our earnings negatively.
  • Many types of operational risks can affect our earnings negatively.
  • Failures of, or disruptions to, our technological systems or breaches of our security measures, including, but not limited to, those resulting from cyber-attacks, may result in losses.
  • Errors, breakdowns in controls or other mistakes in the provision of services to clients or in carrying out transactions for our own account can subject us to liability, result in losses or have a negative effect on our earnings in other ways.
  • Our dependence on technology, and the need to update frequently our technology infrastructure, exposes us to risks that also can result in losses.
  • The systems and models we employ to analyze, monitor and mitigate risks, as well as for other business purposes, are inherently limited, may not be effective in all cases and, in any case, cannot eliminate all risks that we face.
  • A failure or circumvention of our controls and procedures could have a material adverse effect on our business, financial condition and results of operations.
  • We are subject to certain risks inherent in operating globally which may affect our business adversely.
  • Failure to control our costs and expenses adequately could affect our earnings negatively.
  • Pandemics, natural disasters, global climate change, acts of terrorism and global conflicts may have a negative impact on our business and operations.
  • Failure to evaluate accurately the prospects for repayment when we extend credit or maintain an adequate allowance for credit losses can result in losses or the need to make additional provisions for credit losses, both of which reduce our earnings.
  • Market volatility and/or weak economic conditions can result in losses or the need for additional provisions for credit losses, both of which reduce our earnings.
  • The failure or perceived weakness of any of our significant counterparties could expose us to loss.
  • The transition away from LIBOR or changes in the method pursuant to which other interest rate benchmarks are determined could adversely impact our business and results of operations.
  • If we do not manage our liquidity effectively, our business could suffer.
  • If the Bank is unable to supply the Corporation with funds over time, the Corporation could be unable to meet its various obligations.
  • We may need to raise additional capital in the future, which may not be available to us or may only be available on unfavorable terms.
  • Any downgrades in our credit ratings, or an actual or perceived reduction in our financial strength, could affect our borrowing costs, capital costs and liquidity adversely.
  • Failure to comply with regulations and/or supervisory expectations can result in penalties and regulatory constraints that restrict our ability to grow or even conduct our business, or that reduce earnings.
  • Changes by the U.S. and other governments to laws, regulations and policies applicable to the financial services industry may heighten the challenges we face and make regulatory compliance more difficult and costly.
  • We may be impacted adversely by claims or litigation, including claims or litigation relating to our fiduciary responsibilities.
  • We may be impacted adversely by supervisory and/or regulatory enforcement matters.
  • We may fail to set aside adequate reserves for, or otherwise underestimate our liability relating to, pending and threatened claims, with a negative effect on our earnings.
  • The ultimate impact on us of the United Kingdom’s withdrawal from the European Union remains uncertain.
  • If we fail to comply with legal standards, we could incur liability to our clients or lose clients, which could affect our earnings negatively.
  • If we are not able to attract, retain and motivate personnel, our business could be negatively affected.
  • Our operations, businesses and clients could be materially adversely affected by the effects of climate change or concerns related thereto.
  • If we do not develop and execute strategic plans successfully, our growth may be impacted negatively.
  • We are subject to intense competition in all aspects of our businesses, which could have a negative effect on our ability to maintain satisfactory prices and grow our earnings.
  • Damage to our reputation could have a direct and negative effect on our ability to compete, grow and generate revenue.
  • We need to invest in innovation constantly, and the inability or failure to do so may affect our businesses and earnings negatively.
  • Failure to understand or appreciate fully the risks associated with development or delivery of new product and service offerings may affect our businesses and earnings negatively.
  • Our success with large, complex clients requires an understanding of the market and legal, regulatory and accounting standards in various jurisdictions.
  • We may take actions to maintain client satisfaction that result in losses or reduced earnings.
  • Changes in tax laws and interpretations and tax challenges may affect our earnings negatively.
  • Changes in accounting standards may be difficult to predict and could have a material impact on our consolidated financial statements.
  • Our ability to return capital to stockholders is subject to the discretion of our Board of Directors and may be limited by U.S. banking laws and regulations, applicable provisions of Delaware law, or our failure to pay full and timely dividends on our preferred stock and the terms of our outstanding debt.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: Bulletin, Commission, labor, mentioned, municipal, partly, platform, SAB, safeguard, safeguarded, safeguarding, spending, strength, unsecured
Removed: administered, aid, begin, Comptroller, cover, created, credited, declined, deduction, denial, earlier, emergency, exempting, falling, focused, governed, guaranteed, guided, historically, implemented, lender, lesser, linked, low, met, mutual, officially, opened, portal, qualifying, repay, respond, response, safekeeping, safety, workforce, Working