Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
Northern Trust Corporation (NASDAQ: NTRS) is a prominent provider of wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has expanded its presence globally with offices in 20 U.S. states and Washington, D.C., as well as 23 international locations in Canada, Europe, the Middle East, and the Asia-Pacific region.
As of December 31, 2023, Northern Trust boasts assets under custody or administration of $15.4 trillion and assets under management amounting to $1.4 trillion. This impressive portfolio underscores Northern Trust’s status as a leader in the financial services industry, renowned for its exceptional service, financial expertise, integrity, and continuous innovation over more than 125 years.
Northern Trust is committed to providing comprehensive financial solutions that meet the diverse needs of its clients. Its wealth management services include investment management, trust and estate planning, and private banking. The asset servicing division offers custody, fund administration, and middle office outsourcing for institutional clients. Additionally, Northern Trust’s asset management division delivers a broad range of investment solutions designed to meet the financial objectives of institutional and individual investors.
Recent achievements highlight Northern Trust's ongoing commitment to innovation and inclusivity. For instance, the Northern Trust Ireland team recently hosted the Guidance and Industry Network (GaIN) event, focusing on modern-day recruitment campaigns and inclusive hiring strategies. Moreover, Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, supporting efforts to bridge the gap between black undergraduate students and professionals.
Northern Trust’s dedication to diversity and community engagement is evident through its partnerships with organizations like Dublin City University and the 30% Club Ireland, aiming to achieve better gender balance for enhanced business outcomes. The firm continues to invest in talent development, offering various career opportunities and fostering a collaborative, team-oriented environment.
For those looking to invest, Northern Trust represents a stable and innovative option within the financial services sector, with a strong track record of adapting to market changes and maintaining long-term client relationships. Stay updated with the latest news and developments from Northern Trust to make informed investment decisions.
Latest News:
- January 23, 2024 - Northern Trust hosted the GaIN event in Ireland, in collaboration with Dublin City University, focusing on career guidance and inclusive hiring strategies.
- February 9, 2024 - Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, bridging the gap between students and professionals.
Northern Trust has appointed Nikè Anani as the Director of Next Gen Advisory for Wealth Management, a newly established role aimed at enhancing client service for the younger generation managing wealth transitions.
Anani, previously the founder and CEO of a consulting service focused on Next Gen services, brings extensive leadership experience in wealth transfer strategies. With estimates of a projected $80 trillion in wealth transfer over the next 20 years, her role is crucial for addressing clients' needs during this significant transition.
Northern Trust currently manages $351.4 billion in assets as of December 31, 2022.
Northern Trust (NASDAQ: NTRS) announced that Daniel Gamba will be the new President of Asset Management effective April 3. Gamba joins from BlackRock, where he spent 22 years in various leadership roles, including co-head of Fundamental Equities. He has extensive experience in investment management, focusing on driving growth and change. CEO Michael O’Grady expressed confidence in Gamba's ability to lead the firm towards continued growth in investment solutions. Northern Trust manages assets of US$1.2 trillion and has US$13.6 trillion in assets under custody/administration.
Northern Trust (Nasdaq: NTRS) announced its selection by the Illinois Firefighters’ Pension Investment Fund (FPIF) to provide custody services for approximately $8 billion in assets. This transition involves consolidating assets from around 300 firefighter pension funds in suburban Chicago and downstate Illinois. Over a 10-month period, Northern Trust executed the transition of assets from 36 custodians, ensuring adherence to FPIF's timeline. The partnership aims to enhance financial security for firefighters, as emphasized by both Northern Trust and FPIF's leadership. Northern Trust has a long-standing reputation in wealth and asset management since its founding in 1889.
Northern Trust Asset Management (NTAM) has launched the World Natural Capital Paris-Aligned Index strategy, targeting institutional investors. This strategy incorporates climate and natural capital considerations, aligning with the 1.5°C decarbonization pathway. It screens companies linked to ecosystem loss and water pollution, focusing on UN SDGs 14 and 15. NTAM, managing over
Global markets ended Q4 2022 positively, with institutional asset owners seeing a median return of 4.9%. Despite a -12.7% one-year median return, optimism over slowing inflation and monetary policy tightening drove gains. The Northern Trust Universe tracked 368 U.S. institutional plans with assets exceeding $1.17 trillion. The U.S. Equity Program saw an 8.1% median gain, while the S&P 500 rose 7.6%. Fixed income dominated ERISA plans at 51.3%. In contrast, Public Funds had a 5.1% median, with noticeable increases in equity allocations. Northern Trust's assets under custody reached $13.6 trillion.
The Northern Trust Canada Universe reported a 2.8% return for Canadian pension plans in the fourth quarter of 2022, but a -12.8% decline for the year due to market volatility, inflation, and geopolitical uncertainties. The S&P TSX index showed a -5.8% decline for the year, although it fared better than global benchmarks. Despite challenges, pension plan funding levels improved due to rising interest rates. The Canadian economy added 222,000 jobs, lowering the unemployment rate to 5%. Northern Trust remains a key player in wealth management and asset servicing, with assets under management of US$1.2 trillion.
Northern Trust Asset Management, with $1.0 trillion in assets under management as of December 31, 2022, announced the hiring of John Ceffalio as head of Municipal Client Portfolio Management, effective January 9. This newly created role within the global fixed income group aims to enhance client service for its $470 billion in fixed income assets. Ceffalio brings over 20 years of experience from firms like AllianceBernstein and Moody’s and will work closely with portfolio management and research teams. His appointment reflects NTAM’s commitment to adapt to the changing needs of fixed income investors.
Northern Trust Corporation (NASDAQ: NTRS) announced its fourth quarter 2022 financial results, with a conference call scheduled for January 19, 2023, at 8:00 a.m. CT, available via webcast on their website. The company reported assets under custody/administration of US$13.6 trillion and assets under management of US$1.2 trillion as of December 31, 2022. Established in 1889 in Chicago, Northern Trust provides wealth management, asset servicing, and banking services globally, with a strong focus on exceptional service and financial expertise.
Northern Trust Corporation (NASDAQ: NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, payable on April 1, 2023. Record date for this dividend is March 10, 2023, 5:00 p.m. Chicago time. Additionally, it declared cash dividends of $2,300 for Series D preferred stock and $293.75 for Series E preferred stock, each payable on April 1, 2023, with record dates of March 15, 2023. Northern Trust, a leading provider in wealth management and financial services, reported assets under custody of US$12.8 trillion and assets under management of US$1.2 trillion as of September 30, 2022.
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