Northern Trust Stock Price, News & Analysis

Northern Trust Corporation (Nasdaq: NTRS) has successfully closed a public offering of $1 billion in senior debt, initiated on May 5, 2022. This move reflects the company’s dedication to diversity, equity, and inclusion in the financial services sector, as evidenced by the involvement of two minority-owned firms, Loop Capital Markets and Siebert Williams Shank, as joint lead bookrunners. Northern Trust emphasizes the significance of partnerships that support broader market changes while maintaining a commitment to community engagement.

Northern Trust and Enfusion have established a partnership to enhance operational efficiency for mutual clients by integrating their services. This collaboration aims to streamline portfolio management, order execution, and analytics, providing an end-to-end solution for asset managers and hedge funds. Enfusion’s cloud-native platform removes operational barriers, enabling seamless data access across front, middle, and back offices. The partnership also includes a certified interface co-developed with Equity Data Science, demonstrating a commitment to delivering innovative financial services.

In Q1 2022, volatility surged in markets, driven by inflation reaching a 40-year high, interest rate hikes by the U.S. Federal Reserve, and geopolitical tensions from Russia's invasion of Ukraine. The median return for institutional asset owners in Northern Trust's universe was -4.4%. The Corporate ERISA universe saw a return of -6.9%, while Public Funds returned -3.4%. Notably, U.S. equity allocations declined, and the median exposure to U.S. fixed income rose to 21.2%. Overall, global market concerns caused significant downturns across various investment universes.

Northern Trust (Nasdaq: NTRS) announced that Shundrawn Thomas, President of Northern Trust Asset Management, will leave the company effective June 1, 2022, to pursue an entrepreneurial venture. Over his 18-year tenure, he held key roles, promoting diversity and sustainable investing. The company expressed appreciation for his leadership and commitment to inclusivity. Northern Trust manages $1.5 trillion in assets and has a strong global presence, focusing on wealth management, asset servicing, and banking.

Northern Trust Corporation (NASDAQ: NTRS) declared a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2022, to shareholders of record as of June 10, 2022. Additionally, it announced a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock, also payable on July 1, 2022, to holders recorded by June 15, 2022. As of March 31, 2022, Northern Trust managed US$1.5 trillion in assets.

Northern Trust Corporation (NTRS) has announced its first quarter 2022 financial results, highlighting a strong performance. The earnings conference call is scheduled for April 26, 2022, at 8:00 a.m. CT, with a recording available post-call. As of March 31, 2022, Northern Trust reported US$15.5 trillion in assets under custody/administration and US$1.5 trillion in assets under management. The company has consistently distinguished itself with exceptional service and integrity in the wealth management and asset servicing sector.

In Q1 2022, Canadian Pension Plans faced significant challenges, with a median return of -6.4% as global markets fluctuated due to geopolitical tensions and supply chain disruptions. The Russian invasion of Ukraine heightened volatility and fueled inflation, impacting investment returns. Despite these hurdles, Canadian equities outperformed, with the S&P/TSX Composite Index rising 3.8%, driven by strong commodity performance. Central banks' responses included interest rate hikes, influencing bond market results, with Canadian bonds declining 7.0%.

Northern Trust has appointed Anne Fitzpatrick Donahue as Senior Managing Director in the New York and Connecticut offices. Her role focuses on leading one of the firm's teams in the Greater New York area, aimed at enhancing client services and accelerating wealth management growth. Donahue brings over 30 years of experience from various leadership roles, including her recent position at People’s United Bank. As of December 31, 2021, Northern Trust managed $416.1 billion in assets.