Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) has supported AMF Tjänstepension AB in its transition to an occupational pension provider in Sweden under the IORP II Directive. This directive enhances governance and communication standards for pension schemes, requiring significant changes in business models. Christoffer Axelsson of AMF highlighted the partnership with Northern Trust, which has provided crucial expertise during this transformation. Northern Trust serves over 330 clients with $2.54 trillion in assets under custody across EMEA and has been a partner to AMF since 2003.

Northern Trust has announced its second-annual Wealth Planning Symposium, scheduled for April 28 from 9:50 a.m. to 4:30 p.m. CT. The virtual event will feature over 30 experts discussing strategies for wealth management, focusing on themes from the Wealth Planning Outlook 2022. Keynote speaker Adam Grant will address questioning old assumptions in a changing world. Topics include ethical wealth planning, modern philanthropy, and the impact of cryptocurrency. The event also offers up to six continuing education credits for qualified professionals.

The U.S. markets closed Q4 2021 at record highs, led by the Dow Jones Industrial Average at 36,338, marking a 7.2% gain for the quarter and 20.9% for the year. The Northern Trust Universe reported a median return of 3.5% for institutional asset owners, tracking 380 plans with over $1.4 trillion in assets. The Northern Trust corporate universe showed a 2.9% return while public funds and foundations achieved 3.8% and 3.2%, respectively. Investors favored large-cap stocks, with the Russell 1000 Growth index gaining 11.6%. Northern Trust has $16.2 trillion in assets under custody.

The North Dakota Growth Fund, managed by 50 South Capital Advisors, has announced investments totaling $22.5 million in two firms: LongWater Opportunities and Homegrown Capital. LongWater focuses on lower middle market private equity, seeking to partner with family-owned manufacturing companies. Homegrown Capital, established in 2021, targets early-stage tech firms in the Northern Plains, particularly in B2B software and agri-tech sectors. These investments mark the second and third from the Growth Fund, enhancing capital access for local businesses.

Northern Trust Asset Management has launched the FlexShares Listed Private Equity UCITS ETF (Ticker: FLPE), providing exposure to the private equity market. Launched in December 2021, the ETF has already attracted over US$140 million in assets under management (AUM). It tracks the Foxberry Listed Private Equity SDG Screened USD Net Total Return index. The ETF is listed on both the London Stock Exchange and the Euronext Exchange in Amsterdam, offering enhanced liquidity and diversified investment strategies for professional investors.

The Northern Trust Canada Universe reported that Canadian Pension Plans achieved a median return of 3.8% in Q4 2021 and 8.4% for the year, driven by a rebound in global equity markets. Notably, the S&P/TSX Composite Index rose 6.5% in Q4 and 25.1% for the year. Despite rising inflation and energy prices, Canadian equities showed robust gains, bolstered by corporate earnings. The report highlights the adaptability and resilience of Canadian pension plans amidst economic uncertainties and changing monetary policies.

Northern Trust Asset Management (NTRS) announced that Michael Hunstad, Ph.D., will expand his management role to lead NTAM’s index equity and tax-advantaged equity teams. Hunstad’s leadership is expected to enhance collaboration across teams, promoting operational efficiencies. Since taking charge in 2018, Hunstad has grown the quantitative strategies team from $14 billion to $36.9 billion in equity assets under management. NTAM manages $608 billion in index equity and $90.4 billion in tax-advantaged equity, indicating strong investor interest in these strategies.

Northern Trust Corporation (NTRS) announced its fourth quarter 2021 financial results, showcasing its strong presence in wealth management and asset services. As of December 31, 2021, the company reported assets under custody/administration totaling US$16.2 trillion and assets under management of US$1.6 trillion. A webcast of the earnings conference call is scheduled for January 20, 2022, at 11:00 a.m. CT, accessible via the company’s investor relations page.

Northern Trust Corporation (NASDAQ: NTRS) has declared a quarterly cash dividend of $0.70 per common stock share, payable on April 1, 2022. Record holders by 5:00 p.m. CT on March 11, 2022 will qualify. Additionally, the company announced dividends for preferred stock: $2,300.00 for Series D and $293.75 for Series E, payable on April 1, 2022 to holders recorded by 5:00 p.m. CT on March 15, 2022.