Northern Trust

OverviewSuggest Edit

Northern Trust is a provider of wealth management, asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals. It is a financial holding company conducting business through various subsidiaries, including The Northern Trust Company (Bank). The company focuses on managing and servicing client assets through its two client-focused segments: Corporate & Institutional Services (C&IS) and Wealth Management. It also supports the C&IS and Wealth Management segments by providing a range of asset management and related services through its subsidiaries.
TypePublic
Founded1889
HQChicago, IL, US
Websitenortherntrust.com
Overall CultureB

Latest Updates

Employees (est.) (Dec 2021)21,100
Job Openings1,189
Revenue (FY, 2021)$6.5 B(+3%)
Share Price (May 2022)$102.8(-2%)
Cybersecurity ratingAMore
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Key People/Management at Northern Trust

Michael G. O'Grady

Michael G. O'Grady

Chairman and Chief Executive Officer
Mark C. Gossett

Mark C. Gossett

Executive Vice President and Chief Risk Officer
Thomas A. South

Thomas A. South

Executive Vice President and Chief Information Officer
Jason J. Tyler

Jason J. Tyler

Executive Vice President and Chief Financial Officer
Susan C. Levy

Susan C. Levy

Executive Vice President and General Counsel
Shundrawn A. Thomas

Shundrawn A. Thomas

Executive Vice President and President – Asset Management
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Northern Trust Office Locations

Northern Trust has offices in Chicago, Atlanta, Austin, Barrington and in 70 other locations
Chicago, IL, US (HQ)
50 S LaSalle St
Atlanta, GA, US
3282 Northside Pkwy NW Suite 100
Austin, TX, US
98 San Jacinto Blvd #350
Barrington, IL, US
770 W Northwest Hwy
Bloomfield Hills, MI, US
10 W Long Lake Rd
Boca Raton, FL, US
3100 N Military Trl
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Northern Trust Financials and Metrics

Northern Trust Revenue

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Northern Trust's revenue was reported to be $6.49 b in FY, 2021
USD

Revenue (Q1, 2022)

1.7b

Gross profit (Q1, 2022)

1.7b

Gross profit margin (Q1, 2022), %

99.9%

Net income (Q1, 2022)

389.3m

Market capitalization (18-May-2022)

21.4b

Closing stock price (18-May-2022)

102.8

Cash (30-Sept-2021)

4.2b

EV

20.8b
Northern Trust's current market capitalization is $21.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

6.9b6.3b6.5b

Revenue growth, %

4%(9%)

Cost of goods sold

822.0m200.3m23.8m

Gross profit

6.1b6.1b6.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.7b1.7b1.7b1.7b1.5b1.5b1.6b1.6b1.6b1.7b

Cost of goods sold

240.8m222.8m203.1m121.1m34.2m26.8m9.8m7.5m4.9m2.5m

Gross profit

1.5b1.5b1.5b1.6b1.5b1.5b1.6b1.6b1.6b1.7b

Gross profit Margin, %

86%87%88%93%98%98%99%100%100%100%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

4.6b4.5b4.4b

Accounts Receivable

32.5b31.4b33.8b

PP&E

428.2m483.3m514.9m

Goodwill

669.3m696.8m707.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.6b1.5b1.2b

Depreciation and Amortization

460.9m458.9m500.3m

Cash From Operating Activities

1.8b2.6b1.9b

Purchases of PP&E

(97.6m)(158.0m)(135.8m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

347.1m736.5m1.1b360.6m673.9m968.4m375.1m743.2m1.1b

Depreciation and Amortization

113.9m226.3m341.6m123.8m248.6m372.4m125.4m253.8m382.8m

Cash From Operating Activities

293.7m378.5m955.6m(2.7b)498.4m420.5m68.3m(1.2b)(685.9m)

Purchases of PP&E

(9.1m)(27.7m)(49.8m)(37.6m)(76.6m)(102.6m)(10.7m)(39.1m)(65.0m)
USDFY, 2018

Debt/Equity

0.3 x

Financial Leverage

12.6 x
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Northern Trust Operating Metrics

Northern Trust's Assets Under Management was reported to be $1.5t in Q3, 2021. Northern Trust's Total Loans was reported to be $39.5b in Q3, 2021.

Northern Trust Acquisitions / Subsidiaries

Company NameDateDeal Size
PariluxMay 06, 2021
BEx LLCDecember 04, 2018
Aviate GlobalDecember 02, 2015
Omnium LLCMay 16, 2011
50 South Capital Advisors, LLC
Admiral Nominees Limited
Arnold Limited
Barfield Nominees Limited
Belvedere Advisors LLC
Doyle Administration Limited
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Northern Trust Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Northern Trust Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Northern Trust Online and Social Media Presence

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Northern Trust Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A-

    76/100

  • Compensation

    B-

    68/100

  • Diversity

    C+

    66/100

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Northern Trust News and Updates

Northern Trust forms relationship with Enfusion

As part of its continuing strategy to serve client needs across the entire investment lifecycle, Northern Trust (Nasdaq: NTRS) has established a relationship with Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native investment management software and services, to provide port…

Northern Trust Expands Relationship with Broadridge to Support Shareholder Rights Directive II Compliance

NEW YORK and LONDON, Dec. 1, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, has announced it has delivered its full suite of Shareholder Rights Directive (SRD II) compliance investor communication solutions to Northern Trust. These solutions...

Northern Trust appoints Gary Paulin as head of global strategic solutions

Northern Trust (Nasdaq: NTRS) has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business.

Class-Action Suit Against Northern Trust, Financial Engines Can Go Forward

Aclass-action lawsuit against Allstate Corp., Northern Trust, Financial Engines and Alight Financial Advisors can go forward after a judge in U.S. District Court for the Northern District of Illinois dismissed a defendants’ motion to dismiss the suit on Tuesday.

AutoZone sues Northern Trust over alleged ERISA violations

Participants in a 401(k) plan run by AutoZone Inc. have sued Northern Trust Corp., the plan's former investment adviser, alleging violations of ERISA.

Northern Trust Asset Management’s FlexShares® Launches Emerging Markets Climate-Focused Exchange Traded Funds in Europe

Northern Trust Asset Management’s FlexShares Exchange Traded Funds today announced the launch of two Emerging Markets climate-focused exchange traded funds (ETFs): the FlexShares® Emerging Markets High Dividend Climate ESG UCITS ETF (QDFE) and the FlexShares® Emerging Markets Low Volatility Climate …
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Northern Trust Frequently Asked Questions

  • When was Northern Trust founded?

    Northern Trust was founded in 1889.

  • Who are Northern Trust key executives?

    Northern Trust's key executives are Michael G. O'Grady, Mark C. Gossett and Thomas A. South.

  • How many employees does Northern Trust have?

    Northern Trust has 21,100 employees.

  • What is Northern Trust revenue?

    Latest Northern Trust annual revenue is $6.5 b.

  • What is Northern Trust revenue per employee?

    Latest Northern Trust revenue per employee is $307.5 k.

  • Who are Northern Trust competitors?

    Competitors of Northern Trust include First Foundation, Bank of New York Mellon and BlackRock.

  • Where is Northern Trust headquarters?

    Northern Trust headquarters is located at 50 S LaSalle St, Chicago.

  • Where are Northern Trust offices?

    Northern Trust has offices in Chicago, Atlanta, Austin, Barrington and in 70 other locations.

  • How many offices does Northern Trust have?

    Northern Trust has 77 offices.