Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Northern Trust's shares outstanding for the quarter that ended in Mar. 2026 was 185 Mil.
Northern Trust's quarterly shares outstanding
declined
from Dec. 2025 (186 Mil) to Mar. 2026 (185 Mil).
It means Northern Trustbought back shares from Dec. 2025 to Mar. 2026 .
Northern Trust's annual shares outstanding
declined
from Dec. 2024 (196 Mil) to Dec. 2025 (186 Mil).
It means Northern Trustbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Northern Trust Shares Outstanding (EOP) Related Terms
Northern Trust Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Northern Trust's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NT4 vs RJF, ARES, TROW: Shares Outstanding (EOP) Comparison
For the Asset Management subindustry, Northern Trust's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northern Trust Shares Outstanding (EOP) vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Northern Trust's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 185 Mil mean?
Northern Trust (FRA:NT4) has a Shares Outstanding (EOP) of 185 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Northern Trust and its competitors.
Is Northern Trust's Shares Outstanding (EOP) too high?
Northern Trust's current Shares Outstanding (EOP) is 185 Mil. Overall, Northern Trust has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's Shares Outstanding (EOP) compare to RJF and ARES?
Northern Trust's Shares Outstanding (EOP) of 185 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Asset Management company?
A good Shares Outstanding (EOP) depends on the Asset Management industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Northern Trust and its competitors. Northern Trust's current Shares Outstanding (EOP) is 185 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Trust stock overvalued right now?
Based on GuruFocus' analysis, Northern Trust (FRA:NT4) is currently considered Significantly Overvalued. The stock's GF Value™ is €103.42, compared to a current price of €154.45 — trading 49.3% above its estimated fair value. The current Shares Outstanding (EOP) is 185 Mil. Northern Trust's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Northern Trust (FRA:NT4), the current Shares Outstanding (EOP) is 185 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northern Trust (FRA:NT4) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Trust stock appears to be overvalued.
The current stock price of €154.45 is trading 49.3% above its estimated GF Value™ of €103.42.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for FRA:NT4:
Shares Outstanding (EOP): 185 Mil
GF Value™: €103.42 vs. price of €154.45 (49.3% above fair value)
No single metric tells the full story. See the FRA:NT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Trust 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 offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2025, Northern Trust had assets under custody or administration of $18.7 trillion and assets under management of $1.8 trillion.
74GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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