Northern Trust Stock Price, News & Analysis

Northern Trust Corporation (NTRS) announced its third quarter 2021 financial results. As of September 30, 2021, the firm managed assets under custody/administration totaling US$15.8 trillion and assets under management of US$1.5 trillion. A quarterly earnings conference call is scheduled for October 20, 2021, at 9:00 a.m. CT, with a recording available shortly after. Northern Trust continues to be a key player in wealth and asset management, demonstrating over 130 years of financial expertise and exceptional service.

Northern Trust Corporation (Nasdaq: NTRS) has declared a quarterly cash dividend of $0.70 per share, payable on January 1, 2022, to shareholders of record by 5:00 p.m. on December 10, 2021. Additionally, a cash dividend of $293.75 per share for its Series E preferred stock will be paid on the same date to record holders by 5:00 p.m. on December 15, 2021. The company also announced a new stock repurchase authorization of up to 25 million shares, replacing the previous authorization from July 2018.

Northern Trust has appointed Grace Russak as a Regional Director in its Foundation & Institutional Advisors practice to enhance client services in the West Region. Based in Pasadena and Los Angeles, Russak will advise nonprofit organizations on developing tailored investment strategies. Previously, she was a Senior Client Strategist at BNY Mellon Wealth Management. Northern Trust's FIA group is focused on delivering sophisticated investment management solutions to nonprofit clients, emphasizing strong client experiences and strategic insights.

Northern Trust (Nasdaq: NTRS) has appointed Gary Paulin as the head of Global Strategic Solutions for its asset servicing business. This new role focuses on developing innovative solutions to enhance client access to Northern Trust’s global capabilities. Paulin, based in London, will report to Pete Cherecwich, president of Corporate & Institutional Services. Previously, he led Integrated Trading Solutions and has over 20 years of experience in financial services, enhancing the firm's commitment to client collaboration and strategic execution.

Northern Trust (Nasdaq: NTRS) has launched an automated solution for initial margin calculation to support clients in complying with regulations for over-the-counter (OTC) derivatives. This initiative precedes the implementation deadline for Uncleared Margin Rules (UMR) and is part of a collaboration with Acadia. The new technology aims to enhance efficiency by automating margin calculations, offering clients optimal asset identification for meeting margin obligations and improving investment performance. This solution is available globally and integrates with Northern Trust's collateral management solutions.

Northern Trust Asset Management has launched two new Emerging Markets climate-focused exchange traded funds (ETFs): the FlexShares Emerging Markets High Dividend Climate ESG UCITS ETF (QDFE) and the FlexShares Emerging Markets Low Volatility Climate ESG UCITS ETF (QVFE). These ETFs aim to enhance sustainable investing opportunities in Europe, focusing on high-quality, dividend-paying stocks and lower volatility options in emerging markets. The products leverage Northern Trust's extensive expertise in sustainable investing and are now available on major European exchanges.

Northern Trust (Nasdaq: NTRS) has announced the appointment of Stanislav Treger as Behavioral Insights Advisor. Treger, previously a Senior Behavioral Scientist at Morningstar, will enhance the Northern Trust Institute by integrating behavioral science into wealth management strategies. With over 10 years of expertise, he aims to help clients articulate and achieve their financial goals. The Northern Trust Institute employs more than 175 specialists focused on data-driven wealth management solutions. As of June 30, 2021, Northern Trust managed assets totaling $371.1 billion.

Northern Trust (Nasdaq: NTRS) has acquired an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics aimed at enhancing investment performance. This partnership is part of Northern Trust's Whole Office strategy, which offers clients access to innovative technologies. Essentia’s analytics tools help institutional investors identify biases in decision-making, thereby improving outcomes in stock picking, sizing, and timing. The collaboration is expected to boost productivity and investment results for clients globally.

Northern Trust Asset Management has appointed Angelo Manioudakis as the new Chief Investment Officer effective September 27. With over 32 years of experience, Manioudakis previously held senior roles at Fidelity, managing approximately $500 billion in assets. He co-founded Lantern Harbor Investment Partners and will oversee investment performance and policy for Northern Trust’s products, which manage over $1.2 trillion in assets. His leadership is expected to enhance the investment firm's strategic goals and innovation.