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 introduced a new feature in its Front Office Solutions platform that enhances efficiency in alternative asset servicing. This machine learning tool automates the tagging of research management documents, allowing asset allocators to manage thousands of files more effectively. The initiative aims to streamline portfolio management and reduce human error while improving operational alpha. With assets under custody reaching US$15.8 trillion, this innovation aligns with their commitment to leveraging advanced technologies in the asset management sector.
Northern Trust Wealth Management announced the addition of Marty Morris as a Senior Portfolio Manager in its Foundation & Institutional Advisors (FIA) practice based in Chicago. Morris brings extensive experience from his previous roles at Chicago Equity Partners and Bank of America, focusing on investment solutions for nonprofit organizations. The FIA group specializes in investment management for foundations, endowments, and nonprofit institutional investors, enhancing Northern Trust's capacity in this sector. As of September 30, 2021, Northern Trust manages $372.9 billion in assets.
Broadridge Financial Solutions (NYSE: BR) and Northern Trust (Nasdaq: NTRS) have partnered with Emerald Technology Ventures to utilize Broadridge's Private Market Hub, leveraging blockchain technology for enhanced transparency in private equity. This innovative platform provides real-time data and automates workflows across fund lifecycle management. Emerald has migrated four funds to this hub, allowing for transparent interactions and efficient fund management. This collaboration aims to address growing investor interest in private assets and enhance operational structures.
During the third quarter, the median Canadian Pension Plan realized a return of 0.6%, with a year-to-date return of 4.8%, amid a challenging global equity market environment. Factors like rising inflation, slowing growth, and issues in China contributed to market volatility. The S&P/TSX Composite Index achieved a modest gain of 0.2%, while U.S. equities advanced 2.9% in CAD. The Canadian economy created 157,000 jobs in September, lowering the unemployment rate to 6.9%.
50 South Capital Advisors has announced its first investment through the North Dakota Growth Fund in Lewis & Clark AgriFood, a venture capital firm focused on food and agriculture innovation. The firm aims to support companies at the growth stage that are poised for national or global scaling. Northern Trust, the parent company of 50 South Capital, has substantial assets under management and custody totaling $1.5 trillion and $15.8 trillion respectively as of September 30, 2021. This investment highlights the importance of North Dakota’s agriculture industry.
Northern Trust Corporation (NTRS) announced its third quarter 2021 financial results. As of September 30, 2021, the firm managed assets under custody/administration totaling US$15.8 trillion and assets under management of US$1.5 trillion. A quarterly earnings conference call is scheduled for October 20, 2021, at 9:00 a.m. CT, with a recording available shortly after. Northern Trust continues to be a key player in wealth and asset management, demonstrating over 130 years of financial expertise and exceptional service.
Northern Trust Corporation (Nasdaq: NTRS) has declared a quarterly cash dividend of $0.70 per share, payable on January 1, 2022, to shareholders of record by 5:00 p.m. on December 10, 2021. Additionally, a cash dividend of $293.75 per share for its Series E preferred stock will be paid on the same date to record holders by 5:00 p.m. on December 15, 2021. The company also announced a new stock repurchase authorization of up to 25 million shares, replacing the previous authorization from July 2018.
Northern Trust has appointed Grace Russak as a Regional Director in its Foundation & Institutional Advisors practice to enhance client services in the West Region. Based in Pasadena and Los Angeles, Russak will advise nonprofit organizations on developing tailored investment strategies. Previously, she was a Senior Client Strategist at BNY Mellon Wealth Management. Northern Trust's FIA group is focused on delivering sophisticated investment management solutions to nonprofit clients, emphasizing strong client experiences and strategic insights.
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