Northern Trust Stock Price, News & Analysis

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%.

50 South Capital Advisors has announced its first investment through the North Dakota Growth Fund in Lewis & Clark AgriFood, a venture capital firm focused on food and agriculture innovation. The firm aims to support companies at the growth stage that are poised for national or global scaling. Northern Trust, the parent company of 50 South Capital, has substantial assets under management and custody totaling $1.5 trillion and $15.8 trillion respectively as of September 30, 2021. This investment highlights the importance of North Dakota’s agriculture industry.

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.