Northern Trust Stock Price, News & Analysis

The Northern Trust Canada Universe reported a challenging second quarter in 2022 as Canadian Pension Plan investments contracted, with a median decline of -8.8% for the quarter and -14.5% year-to-date. Market volatility, inflation, and aggressive central bank interest rate hikes contributed to the downturn. Canadian equities declined -13.2%, U.S. equities -13.4%, and international markets struggled. Despite the declines, rising interest rates may improve pension funding ratios, offering some financial health during this turbulent period.

Northern Trust Corporation has announced its second quarter 2022 financial results, detailing its significant financial metrics. As of June 30, 2022, the company reported assets under custody/administration of US$13.7 trillion and assets under management of US$1.3 trillion. The earnings conference call is scheduled for July 20, 2022, at 9:00 a.m. CT, available on the company's website. Northern Trust, founded in 1889, serves a global clientele with a strong emphasis on wealth management and asset servicing.

Northern Trust Corporation (NASDAQ: NTRS) announced a quarterly cash dividend increase to $0.75 per share from $0.70, payable on October 1, 2022, to shareholders of record by September 9, 2022. Additionally, dividends for Series D and E preferred stock were declared at $2,300.00 and $293.75 per share, respectively. This increment showcases the company's strong balance sheet and commitment to returning value to shareholders.

Northern Trust has unveiled an enhanced liquidity management data tool within its Front Office Solutions platform, aimed at complex asset allocators. This web-based tool enables asset owners with significant private market allocations to customize their liquidity management through unified reporting and visual insights. It offers comprehensive liquidity views based on factors such as private equity data and cash flow forecasts. With its visual features, users can easily assess cash flow pacing across markets. As of March 31, 2022, Northern Trust manages $1.5 trillion in assets.

Northern Trust has appointed Willem Erwich as Managing Director of the Upper Florida Keys Market to lead a team focused on high net worth families, endowments, and foundations. Erwich brings over 25 years of wealth management experience and previously served as a Senior Trust Advisor at Northern Trust since 2012. He will report to Marianne Devine, Senior Managing Director in South Florida. This strategic leadership aims to enhance the firm's service delivery in a fast-growing region where Northern Trust has operated for 50 years, managing $396.2 billion in assets as of March 31, 2022.

Northern Trust has appointed Ann Marie Wilczynski as Senior Managing Director and President of Minnesota. She will lead the team in providing comprehensive client services. Wilczynski previously worked as a Senior Family Advisor for Waycrosse and has experience within Northern Trust Wealth Management. She holds a bachelor’s degree in business and a J.D. and is recognized for her expertise in trust, estate work, and wealth management. This leadership change aims to enhance growth and service excellence in Minnesota, where Northern Trust manages $396.2 billion in assets as of March 31, 2022.

Northern Trust announced the appointment of Jennifer Grosvenor as Managing Director in the Houston office. Grosvenor will lead the team to enhance client service and boost growth in the Northern Trust Wealth Management platform. With over 20 years of experience, she previously managed the fiduciary practice in Houston. In her new role, she will collaborate with Houston President John Hantak on client development and compliance. Northern Trust is recognized as a top U.S. wealth manager, managing $396.2 billion in assets as of March 31, 2022.