Northern Trust Stock Price, News & Analysis

The second quarter of 2021 saw Canadian Pension Plan investment returns increase by 4.1%, driven by strong performance in equities. The S&P/TSX Composite Index rose 8.5%, led by Technology, Energy, Real Estate, and Communication Services. U.S. equities returned 6.9%, while international markets and emerging markets also reported positive gains. Despite inflation concerns and volatility, the Canadian and U.S. economies demonstrated recovery, adding jobs and maintaining supportive monetary policies. Northern Trust tracks the performance of Canadian institutional investment plans, reflecting the positive economic climate.

Northern Trust Corporation has reported its second quarter 2021 financial results, showcasing its strength in wealth and asset management. As of June 30, 2021, the company managed assets under custody of US$15.7 trillion and assets under management totaling US$1.5 trillion. The earnings conference call is scheduled for July 21, 2021, at 9:00 a.m. CT, with a recording available shortly after. Northern Trust has been a distinguished leader in the financial sector for over 130 years, emphasizing integrity and innovation in its services.

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on October 1, 2021, to shareholders on record as of September 10, 2021. Additionally, cash dividends of $2,300.00 per share for Series D and $293.75 for Series E non-cumulative perpetual preferred stock will also be paid on October 1, 2021, to holders of record by September 15, 2021. Northern Trust, established in 1889, manages assets totaling $14.8 trillion.

Northern Trust has released its 2020 Corporate Social Responsibility report, marking 10 years of transparency in its operations. CEO Michael O'Grady emphasized the company’s commitment to long-term value amid 2020's challenges. Highlights include a $20 million commitment to global philanthropic efforts focusing on education, food security, healthcare, and housing. In 2020, they donated over $16 million, achieving a top quartile benchmark for financial companies. Community investments reached $1.5 billion, while the ESG Vector Score was introduced to enhance sustainable investing.

Northern Trust has introduced a machine learning-powered document capture capability to enhance alternative asset servicing. This multi-year investment aims to digitize processes for asset owners dealing with complex private market assets. The digital document capture streamlines manual workflows by automating the processing of alternative asset documents, offering increased transparency and data standardization. With over US$1.6 trillion in alternative assets under custody, this innovative solution positions Northern Trust to improve operational efficiency and reduce risks for institutional investors.

Northern Trust has announced a $5 million investment aimed at providing loans to DACA students enrolled in medical school. This funding will facilitate low-interest loans, enabling these students, who often lack access to traditional financial support, to pursue their medical education. The initiative is a collaboration with Self-Help Federal Credit Union and is designed to enhance diversity within the medical profession. The loans will be pegged to federal student loan rates, significantly reducing financing costs for DACA recipients.

Northern Trust (Nasdaq: NTRS) released the results of its inaugural Business Owner Benchmark, surveying over 100 business owners in Q1 2021. Key findings revealed that 45% of owners considered relocating to minimize tax impacts, with 59% citing tax concerns as a significant reason for transition. Additionally, 70% have succession plans, but half express worries about future leadership capabilities and familial conflict. The survey underscores the importance of formal employment policies for family members and suggests that effective boards contribute to business growth.

Northern Trust's defined contribution (DC) global assets under custody surpassed $1 trillion, driven by new business from corporate and public retirement plans. As of March 31, 2021, the firm manages over $1.4 trillion in DC assets across more than 140 global clients, including significant U.S. plans. The company emphasizes its commitment to navigating the complexities of the evolving retirement landscape, aided by customized solutions and industry leadership. Northern Trust continues to enhance its services for DC plans, reflecting its long-standing position in the retirement sector.