Northern Trust Stock Price, News & Analysis

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, to be paid on July 1, 2023, for shareholders on record as of June 9, 2023. Additionally, the company declared cash dividends of $293.75 per share for its Series E non-cumulative perpetual preferred stock, payable on the same date for holders of record as of June 15, 2023. As of March 31, 2023, Northern Trust had US$14.2 trillion in assets under custody and US$1.3 trillion under management. Established in 1889, Northern Trust provides wealth management, asset servicing, and banking globally.

Northern Trust Corporation (NTRS) has announced its financial results for the first quarter of 2023. During this period, the company reported a substantial asset management figure of US$1.3 trillion and assets under custody/administration totaling US$14.2 trillion. The earnings conference call will take place on April 25, 2023, at 8:00 a.m. CT. This call will be available via webcast on the company's investor relations website, with an archived recording accessible for approximately four weeks post-event. Northern Trust, established in 1889 and headquartered in Chicago, provides a range of financial services, including wealth and asset management.

Northern Trust announced the election of Susan D. Snyder as President-Elect of the American College of Trust & Estate Counsel (ACTEC). Ray C. Odom has also been elected to ACTEC's Board of Regents. Additionally, Elisa Shevlin Rizzo and Reetu Pepoff have been named ACTEC Fellows, bringing Northern Trust's total to 17 ACTEC Fellows. This recognition showcases the expertise and dedication of Northern Trust’s professionals in the trust and estate field. Snyder, with extensive experience, is a notable member of various committees and has contributed significantly to estate planning discourse through podcasts. As of December 31, 2022, Northern Trust managed $351.4 billion in assets, serving affluent individuals and institutions globally.

Northern Trust has acknowledged its employees' contributions during National Volunteer Week, highlighting their involvement in community service activities such as mentoring, food packing, and serving on nonprofit boards. The recognition aims to demonstrate the company’s commitment to social responsibility and employee engagement. Northern Trust encourages further exploration of their volunteer initiatives in their 2022 Philanthropic Impact Report.

Northern Trust received the 2023 Humanitarian Award from the Illinois Holocaust Museum for its longstanding commitment to philanthropy and community service. CEO Mike O'Grady accepted the award in Chicago, highlighting the company's contributions of nearly $170 million to nonprofits over the last decade and more than 1 million hours of employee volunteer work. O'Grady praised the resilience of Holocaust Survivors and emphasized the importance of humanitarian efforts. The award acknowledges Northern Trust's deep-rooted philanthropic ethos, dating back to its founding in 1889. Community leaders recognized the company's history of support during crises and its continual dedication to civic responsibility.

Northern Trust (NASDAQ: NTRS) has launched a new mobile application for its Front Office Solutions platform, enhancing accessibility for asset owners and institutional investors. The app, available on both Android and iOS, allows clients to access crucial information on the go, featuring an intuitive interface and robust filtering options. John Turney, head of Front Office Solutions, emphasized the app's role in improving decision-making efficiency for allocators managing their research process. The platform addresses the needs of clients by enabling on-demand access to documents and research management capabilities. Future updates to the app will incorporate client feedback to further enhance functionality.

Northern Trust (Nasdaq: NTRS) has been selected by Holland College to provide a suite of asset servicing solutions, including custody, investment risk and analytical services, along with benefit payment services. Holland College, located in Prince Edward Island, Canada, has offered industry-focused training for over 50 years. The decision to partner with Northern Trust was influenced by the latter's commitment to technology and security. Holland College's Director of Human Resources commended Northern Trust's service model and user-friendly platforms. Northern Trust aims to enhance its service offerings continually to Holland College, reinforcing its position as a leading provider in asset management and servicing.

Northern Trust recently hosted an event with Irish Guide Dogs for the Blind in Limerick and Dublin, where volunteers and guide dogs showcased their invaluable work. The event featured a donation aimed at training and caring for guide and assistance dogs, which support children with autism and their families. Additionally, Northern Trust has sponsored a puppy named Vinny, who at nine weeks old, will begin his training journey with a puppy raiser. This community engagement highlights the company's commitment to social responsibility and support for essential services provided by guide dogs.

Northern Trust has appointed Patrick G. Mahoney as Senior Managing Director and President for Minnesota. Mahoney, a wealth management veteran with over 25 years of experience, previously served as Market Managing Director at Cresset Capital and led J.P. Morgan’s Private Bank in Minnesota for a decade. His leadership aims to enhance Northern Trust's wealth management services and client delivery. As of December 31, 2022, Northern Trust managed $351.4 billion in assets, underscoring its strong market position.