Is Northern Trust Stock Outperforming the S&P 500?

Company Overview - Northern Trust Corporation (NTRS) is a holding company based in Chicago, Illinois, providing wealth management, asset servicing, asset management, and banking solutions globally, with a market cap of $26 billion [1]. Market Position - NTRS is classified as a "large-cap stock" due to its market capitalization exceeding $10 billion, indicating its significant size and influence in the asset management industry [2]. Stock Performance - NTRS stock reached an all-time high of $140.18 recently, with an 8.2% increase over the past three months, outperforming the S&P 500 Index's 4.8% gain during the same period [3]. - Year-to-date, NTRS stock prices have increased by 36.7%, and 33.2% over the past 52 weeks, compared to the S&P 500's gains of 17.3% and 13.4%, respectively [4]. Recent Financial Results - Following the release of mixed Q3 results on October 22, NTRS stock dropped by 2.4%. The company's revenues grew by 2.8% year-over-year to slightly over $2 billion, missing expectations by 76 basis points [5]. - Trust fees, capital markets revenues, and net interest income saw significant increases compared to the previous year, while other non-interest income declined [5]. - The company's earnings per share (EPS) rose by 3.2% year-over-year to $2.29, beating consensus estimates by 1.3%, aided by a 4.8% reduction in the number of outstanding shares [5]. Competitive Analysis - NTRS has outperformed its peer, T. Rowe Price Group, Inc. (TROW), which experienced a 7.2% decline in 2025 and a 13.8% drop over the past 52 weeks [6]. - Among 17 analysts covering NTRS stock, the consensus rating is a "Hold," with the stock trading slightly above the mean price target of $136.21 [6].