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NTRS Northern Trust

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
IRS number
362723087

NTRS stock data

(
)

Investment data

Data from SEC filings
Top 50 of 5207 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$24.29B 198.87M
$21.16B 89.76M
$15.15B 4.9M
$14.86B 7.19M
$8.57B 224.75M
$7.73B 26.25M
$7.67B 65.61M
$6.14B 40.34M
$5.68B 14.33M
$5.52B 8.26M
$5.27B 32.06M
$4.88B 18.25M
$4.58B 15.02M
$4.3B 23.32M
$4.22B 31.16M
$4.15B 11.15M
$4.05B 19.14M
$3.77B 7.06M
$3.71B 10.41M
$3.27B 51.06M
$3.2B 13.17M
$3.16B 26.4M
$3.15B 81.41M
$3B 51.64M
Vanguard Intl Equity Index F
$2.89B 51.12M
$2.86B 51.26M
$2.84B 5.98M
$2.79B 12.61M
$2.77B 53.6M
$2.71B 50.12M
$2.7B 25.76M
$2.68B 12.65M
$2.57B 23.73M
$2.54B 17.99M
$2.52B 47.78M
$2.49B 4.77M
$2.48B 18.65M
$2.47B 8.95M
$2.47B 32.09M
$2.4B 79.4M
$2.36B 65.05M
$2.31B 10.3M
$2.3B 12.17M
$2.28B 28.58M
$2.21B 4.76M
$2.19B 11.75M
$2.16B 15.91M
$2.13B 9.39M
$2.13B 6.04M
$2.02B 15.25M
Holdings list only includes long positions. Only includes long positions.

Calendar

27 Jul 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.8B 4.8B 4.8B 4.8B 4.8B 4.8B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) 412M (positive/no burn)
Cash used (since last report) n/a n/a n/a n/a 481.25M n/a
Cash remaining n/a n/a n/a n/a 4.32B n/a
Runway (months of cash) n/a n/a n/a n/a 10.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jul 21 Smith David Byron JR Common Stock Gift Aquire G Yes No 0 1,780 0 24,664
28 Jul 21 Thomas A South Common Stock Gift Dispose G No No 0 444 0 22,609
27 Jul 21 Shundrawn A Thomas Common Stock Sell Dispose S No No 112.47 5,000 562.35K 51,662
27 Jul 21 Shundrawn A Thomas Common Stock Option exercise Aquire M No No 58.25 5,000 291.25K 56,662
27 Jul 21 Shundrawn A Thomas Employee Stock Option (right-to-buy) Common Stock Option exercise Dispose M No No 58.25 5,000 291.25K 0
1 Jul 21 Crown Susan Common Stock Units Grant Aquire A No No 116.32 40.59 4.72K 28,999.61
1 Jul 21 Bynoe Linda Common Stock Grant Aquire A No No 116.32 32.88 3.82K 26,789.9

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 636 635 +0.2%
Opened positions 62 97 -36.1%
Closed positions 61 54 +13.0%
Increased positions 214 198 +8.1%
Reduced positions 227 244 -7.0%
13F shares
Current Prev Q Change
Total value 17.71B 15.8B +12.1%
Total shares 168.44M 169.56M -0.7%
Total puts 174.4K 185.5K -6.0%
Total calls 284.9K 232.2K +22.7%
Total put/call ratio 0.6 0.8 -23.4%
Largest owners
Shares Value Change
Vanguard 21.89M $2.3B +0.9%
BLK Blackrock 14.5M $1.52B +3.9%
STT State Street 9.53M $1.01B +5.3%
JPM JPMorgan Chase & Co. 7.27M $764.32M +3.8%
NTRS Northern Trust 6.72M $706.76M +5.5%
FMR 6.63M $697.21M -12.1%
American Century Companies 5.23M $549.44M -5.6%
State Farm Mutual Automobile Insurance 4.94M $518.96M 0.0%
Barrow Hanley Mewhinney & Strauss 4.57M $479.89M -4.2%
AMP Ameriprise Financial 4.36M $458.16M +7.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.91M EXIT
Charles Schwab Investment Management 2.46M +1.55M +169.7%
FMR 6.63M -910.56K -12.1%
Burgundy Asset Management 1.2M -624.5K -34.2%
BLK Blackrock 14.5M +546.51K +3.9%
STT State Street 9.53M +476.88K +5.3%
Balyasny Asset Management 0 -431K EXIT
Millennium Management 8.68K -418.03K -98.0%
Schroder Investment Management 402.04K +397.95K +9739.3%
NTRS Northern Trust 6.72M +353.45K +5.5%

Financial report summary

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Risks
  • Our business, results of operations, and financial condition generally have been, and will 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.
  • The ultimate impact on us of the United Kingdom’s withdrawal from the European Union remains uncertain.
  • 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 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.
  • Failure of any of our third-party vendors to perform can result in losses.
  • 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.
  • Changes in the method pursuant to which LIBOR or 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.
  • Our success with large, complex clients requires substantial liquidity.
  • Failure to comply with regulations 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 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.
  • 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 do not execute strategic plans successfully, we will not grow as we have planned and our earnings growth will be impacted negatively.
  • If we are not able to attract, retain and motivate key personnel, our business could be negatively affected.
  • 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 will 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: AFS, capping, closing, exit, formula, guided, HTM, hybrid, imposed, LLC, middle, Parilux, pro, put, rata, reset, rotational, safety, statutory, threshold, UK, unamortized
Removed: assist, COVID, design, economy, entirety, extend, flexible, instrumental, leadership, optimal, phase, planning, population, reopen, specifically, underserved, urgent