Northern Trust Stock Price, News & Analysis

Northern Trust Wealth Management has appointed Ana Nuñez as the new Senior Managing Director of the Private Client Advisory team in the Miami Brickell and Key Biscayne offices. She succeeds Eric Vainder, now Market Executive for Broward County. With over 22 years at Northern Trust, Nuñez has extensive experience in wealth management and has held various leadership roles. Her appointment aims to enhance client service and strategic growth within the firm, which manages $355.4 billion in assets as of March 31, 2021.

The Northern Trust Canada Universe reported flat performance for Canadian pension plans in Q1, with a median return of -0.2%, impacted negatively by rising bond yields. Strong equity returns were offset by falling bond prices, as the Canadian yield curve steepened amid increasing optimism from vaccination progress and favorable economic data. Canadian equities, measured by the S&P/TSX Composite Index, gained 8.1%, led by Health Care and Energy sectors. Conversely, the Canadian fixed income market declined by 5.0%. The Bank of Canada maintained its policy rate at 0.25% and reaffirmed a commitment to keep rates low until 2023.

Northern Trust has appointed Luis Boullon as a Banking Relationship Advisor in Miami, Florida, to enhance its Wealth Advisory team. Boullon, with 18 years of experience in financial services, previously worked at Wells Fargo and HSBC. He will focus on custom credit, deposit, and cash management solutions for families and businesses in South Florida. The firm, a top 10 U.S. wealth manager, manages $355.4 billion in assets as of March 31, 2021. The appointment emphasizes Northern Trust's commitment to delivering exceptional service and expertise to its clients.

Northern Trust (Nasdaq: NTRS) launched the Tax Policy Resource Center, a dedicated online platform analyzing tax policy's impact on wealth management. The center provides insights on tax-efficient investing and strategies for high-net-worth individuals, including business owners and executives. As tax policy changes evolve, the center will offer updated research and resources to help clients navigate potential impacts. With $355.4 billion in assets under management, Northern Trust continues to enhance its wealth management services for affluent clients.

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2021, to shareholders of record by June 11, 2021. Additionally, a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock will also be paid on July 1, 2021, for those on record by June 15, 2021. As of March 31, 2021, Northern Trust managed $14.8 trillion in assets under custody and $1.4 trillion in assets under management.

Northern Trust Corporation has reported its first quarter 2021 financial results, showcasing its strength in wealth management, asset servicing, and banking. As of March 31, 2021, total assets under custody/administration reached US $14.8 trillion, while assets under management totaled US $1.4 trillion. The earnings conference call is scheduled for April 20, 2021, at 8:00 a.m. CT. Investors can access the results and conference call via the company's investor relations page.

Northern Trust Wealth Management has appointed Katherine Berry Templin as the Banking Practice Lead for New England. With over 30 years at Northern Trust, Templin will oversee the firm’s lending and deposit operations, aiming to drive growth through tailored banking solutions for businesses and investors. Her extensive background includes roles in commercial, private equity, and real estate banking. Currently managing a team in Boston, Templin's leadership is expected to enhance the firm's capabilities in delivering wealth management solutions as Northern Trust continues to expand its footprint.

Northern Trust (Nasdaq: NTRS) announced leadership changes in its Central Region, with James Kuehn and Daniel Pienta retiring as Wealth Management Presidents for Wisconsin and Eastern Michigan, respectively. Bradley Peters and Brian Hughes will take over these roles, bringing extensive wealth management experience. Peters has over 30 years in wealth management and previously led the Private Client Advisory Team in Milwaukee, while Hughes has 27 years of experience and was a Senior Portfolio Manager in Grand Rapids. The firm currently manages $347.8 billion in assets.

Northern Trust Front Office Solutions has expanded its team, appointing Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. These strategic hires aim to enhance service capabilities for complex asset owners globally. The integrated, cloud-based platform, launched in 2017, tracks approximately $150 billion in assets and offers a full-service data solution. With a commitment to high-touch services and expert oversight, Mann and Tiller will drive operational governance and client servicing excellence.