NTRS
NORTHERN TRUST CORPEvidence as of 2026-09-03Overview · NORTHERN TRUST CORP
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsou…
Management team
- Mr. Thomas A. South · Executive VP & Chief Information OfficerFind on LinkedIn
- Mr. Daniel Ernesto Gamba CFA · Executive VP & President of Asset Management - Northern Trust's Management GroupFind on LinkedIn
- Mr. Peter B. Cherecwich · Executive VP & President of Asset ServicingFind on LinkedIn
- Mr. Steven L. Fradkin · Executive VP & President of Wealth ManagementFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
What the evidence shows
The surviving evidence presents a mixed balance (+0.2 of a possible +2; was +0.2 before debate) with high confidence. Revenue increased from $ 1,213,800,000 in Q1 2025 (fiscal quarter ended 2025-03-31) to $ 1,341,400,000 in Q1 2026 (fiscal quarter ended 2026-03-31) and to $ 1,349,500,000 in Q2 2026 (fiscal quarter ended 2026-06-30). Net income rose across the comparable quarters from $ 392,000,000 in Q1 2025 through $ 525,500,000 in Q1 2026 to $ 792,200,000 in Q2 2026, and diluted EPS increased from $ 1.90 in Q1 2025 to $ 2.71 in Q1 2026. Outstanding share counts and point-in-time common shares both fell (weighted-average diluted shares from 196,124,971 in Q1 2025 to 184,889,944 in Q2 2026; entity shares from 195,697,744 as of 2025-01-31 to 182,955,653 as of 2026-06-30), with repurchase payments of $ 287,200,000 reported in both the quarter ended 2025-03-31 and the quarter ended 2026-03-31. Trailing metrics show TTM FCF of $ 764,700,000, P/FCF of 44.48, TTM P/E of 20.37, and an implied FCF growth rate of 29.71% embedded in the current price under the model’s assumptions.
What the debate changed
Analysts contested how much price momentum should influence the read. The desk weakened the weight given to short‑term momentum signals—six‑month momentum of +28.2% and a 12‑month minus 1‑month momentum of +46.9% remained in the record but were explicitly downgraded in importance during the debate. That shift reduced the market-technical emphasis but did not change the factual survival of the fundamentals, buyback, and valuation claims.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue grew from $1,213,800,000 in the fiscal quarter ended 31 March 2025 to $1,341,400,000 in the fiscal quarter ended 31 March 2026 and to $1,349,500,000 in the fiscal quarter ended 30 June 2026.
XBRL companyfacts · 0000073124-25-000187Net income rose across the comparable quarters: $392,000,000 in the quarter ended 31 March 2025, $421,300,000 in the quarter ended 30 June 2025, $457,600,000 in the quarter ended 30 September 2025, $525,500,000 in the quarter ended 31 March 2026 and $792,200,000 in the quarter ended 30 June 2026.
XBRL companyfacts · 0000073124-25-000187Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 for the company was filed on 2026-08-25.
4 filed 2026-08-25The submitted record's parse_status is listed as "skipped", indicating the filing contents were not parsed into structured data in this evidence set.
4 filed 2026-08-25Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Price momentum over the past 6 months is +28.2%, which ranks in the 87th percentile of the 547-stock research universe as of 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debateThe 12-month minus 1-month momentum (momentum_12_1) is +46.9%, which ranks in the 80th percentile of the 547-stock research universe as of 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, the company was a constituent of the IVV ETF with a reported weight of 0.05% of that fund.
ETF constituents · market dataA Form 4 insider filing for the company was filed on 2026-08-25 (the 4 filed 25 August 2026); the provided parse status is 'skipped' and no primary document URL is present in the evidence.
Form 4 × 1 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
An article on 2 September 2026 reports Northern Trust and Commonwealth Superannuation Corporation signed a Memorandum of Understanding to explore tokenisation and next‑generation digital investment infrastructure.
News · finance.yahoo.com · 2026-09-02A 1 September 2026 release reports Northern Trust Asset Management appointed Amy Johnston as Head of the Global Institutional Client Group effective September 1, 2026.
News · finance.yahoo.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 24 August 2026, Thomas A. South (Executive Vice President) sold 1,800 shares for a reported value of $333k.
Form 4 · South Thomas A (Executive Vice President) · $333k sold · 2026-08-24The referenced Form 4 filing for the 24 August 2026 transaction does not indicate a trading plan (no 10b5-1 plan flag is shown in the filing's trading_plan field).
Form 4 · South Thomas A (Executive Vice President) · $333k sold · 2026-08-24Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model in the evidence reports an implied free cash flow (FCF) growth rate of 29.71% that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow is reported as $764,700,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific fundamentals jointly support a favorable read: revenue and net income have increased across recent comparable quarters, diluted EPS rose while weighted-average diluted shares outstanding and point-in-time common shares fell (consistent with reported repurchases), and book equity has trended modestly higher — these items together improve per-share metrics and indicate capital return activity. Market signals complement the fundamental read: 6‑ and 12‑month momentum rank highly in the research universe, a long-standing golden cross is present with price well above the 200‑day SMA, and short‑term volatility is low versus peers, which in combination points to constructive market positioning. The bear’s valuation and ownership criticisms rely on model-implied growth and isolated selling events; those points are based on a pricing model that implies unusually high sustained FCF growth and on limited insider/institutional sales data, whereas the company’s reported operating profitability and active buybacks strengthen the interpretation that per‑share performance has improved.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
31 surviving claims rest on 14 distinct sources; the heaviest analyst carries 23% of them, and 95% of what the desk raised survived the debate.
The evidence set rests on a moderate number of sources but a relatively concentrated analyst influence and very high internal survival rate. That combination means the read is informative on reported quarters and computed signals, but it carries fragility: single-analyst weight and limited source diversity reduce how much confidence to assign beyond the documented facts.
Peer context · computed, not argued
12-1 momentum ranks 1st of 8 in Asset Management (as of 2026-09-02).
90-day volatility ranks 8th of 8 in Asset Management (as of 2026-09-02).
dividend yield ranks 5th of 8 in Asset Management (as of 2026-09-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
15 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+1.1 to the score
1 document
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.3 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
4 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on NTRS Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.