Northern Trust Stock Price, News & Analysis

Northern Trust Corporation, symbol NTRS, announced that its Chairman and CEO, Michael G. O’Grady, along with CFO Jason J. Tyler, will present at the Goldman Sachs U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. (ET). Investors can access the live webcast through Northern Trust's website, with a replay available for four weeks post-event. As of September 30, 2021, Northern Trust managed assets worth US$15.8 trillion under custody and US$1.5 trillion under management.

Northern Trust (Nasdaq: NTRS) has partnered with Equity Data Science and Snowflake to enhance secure data sharing for Asset Servicing clients. This collaboration utilizes Snowflake’s Financial Services Data Cloud, streamlining what was previously a manual data exchange process. The initiative aims to achieve client onboarding within 24 hours, significantly reducing time delays. Additionally, the technology allows for agile data updates tailored to client needs, marking a notable advancement in the industry.

The Northern Trust Universe reported minimal gains for U.S. institutional investment plans in Q3 2021, with a median return of just 0.2%. Volatile equity markets hit record highs but ended flat for the quarter. Foundations and Endowments had a median return of 0.9%, while Public Funds returned 0.4%, and Corporate ERISA pension plans saw no gain at 0.0%. The report highlighted that U.S. equity allocations make up 23.2% of ERISA plan assets, and the median exposure to U.S. fixed income for Public Funds stood at 21.0%.

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%.