Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
Northern Trust Corporation reports developments across wealth management, asset servicing, asset management and banking for institutions, corporations, affluent families and individuals. News about Northern Trust commonly covers client mandates for global custody, securities lending, fund administration, depositary services, investment operations outsourcing and accounting services, including work with public retirement systems and ETF platforms.
Recurring updates also include Northern Trust Universe performance data for pension and institutional investment plans, wealth management leadership and Global Family Office activity, quarterly financial results, common and preferred stock dividends, and technology collaborations that support investment operations workflows and reporting.
In Q1 2022, volatility surged in markets, driven by inflation reaching a 40-year high, interest rate hikes by the U.S. Federal Reserve, and geopolitical tensions from Russia's invasion of Ukraine. The median return for institutional asset owners in Northern Trust's universe was -4.4%. The Corporate ERISA universe saw a return of -6.9%, while Public Funds returned -3.4%. Notably, U.S. equity allocations declined, and the median exposure to U.S. fixed income rose to 21.2%. Overall, global market concerns caused significant downturns across various investment universes.
Northern Trust (Nasdaq: NTRS) announced that Shundrawn Thomas, President of Northern Trust Asset Management, will leave the company effective June 1, 2022, to pursue an entrepreneurial venture. Over his 18-year tenure, he held key roles, promoting diversity and sustainable investing. The company expressed appreciation for his leadership and commitment to inclusivity. Northern Trust manages $1.5 trillion in assets and has a strong global presence, focusing on wealth management, asset servicing, and banking.
Northern Trust Corporation (NASDAQ: NTRS) declared a quarterly cash dividend of $0.70 per share on its common stock, payable on July 1, 2022, to shareholders of record as of June 10, 2022. Additionally, it announced a cash dividend of $293.75 per share on its Series E non-cumulative perpetual preferred stock, also payable on July 1, 2022, to holders recorded by June 15, 2022. As of March 31, 2022, Northern Trust managed US$1.5 trillion in assets.
Northern Trust Corporation (NTRS) has announced its first quarter 2022 financial results, highlighting a strong performance. The earnings conference call is scheduled for April 26, 2022, at 8:00 a.m. CT, with a recording available post-call. As of March 31, 2022, Northern Trust reported US$15.5 trillion in assets under custody/administration and US$1.5 trillion in assets under management. The company has consistently distinguished itself with exceptional service and integrity in the wealth management and asset servicing sector.
In Q1 2022, Canadian Pension Plans faced significant challenges, with a median return of -6.4% as global markets fluctuated due to geopolitical tensions and supply chain disruptions. The Russian invasion of Ukraine heightened volatility and fueled inflation, impacting investment returns. Despite these hurdles, Canadian equities outperformed, with the S&P/TSX Composite Index rising 3.8%, driven by strong commodity performance. Central banks' responses included interest rate hikes, influencing bond market results, with Canadian bonds declining 7.0%.
Northern Trust has appointed Anne Fitzpatrick Donahue as Senior Managing Director in the New York and Connecticut offices. Her role focuses on leading one of the firm's teams in the Greater New York area, aimed at enhancing client services and accelerating wealth management growth. Donahue brings over 30 years of experience from various leadership roles, including her recent position at People’s United Bank. As of December 31, 2021, Northern Trust managed $416.1 billion in assets.
Northern Trust celebrates its 50-year presence in Florida with a $50,000 donation to the Everglades Foundation. This foundation works to protect the Everglades, a critical habitat in the U.S. Over the last decade, Northern Trust has contributed around $14 million to various local organizations and holds a Community Investment Portfolio of $541 million in Florida. Notable investments include funding for Habitat for Humanity and the Miami Lighthouse for the Blind.
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Northern Trust (Nasdaq: NTRS) has contributed over US$160 million to charitable causes in the past decade, with $18 million donated in 2021 to nearly 1,000 organizations. The company's employees volunteered more than 1 million hours over the same period, supporting key areas like food security, healthcare, housing, and education. Notable initiatives include support for the SOS Children’s Villages in India and the Access Project in England, assisting underprivileged communities globally. The firm emphasizes equitable opportunities for financial success.
Northern Trust Asset Management announced the appointment of Thomas Swaney as Executive Vice President and Co-Head of Fixed Income, overseeing $551 billion in fixed income assets. Swaney joins from Lantern Harbor Investment Partners and has extensive experience with firms like J.P. Morgan and Morgan Stanley. His role is part of a succession plan as the firm prepares for retiring Colin Robertson. Swaney aims to enhance NTAM's fixed income strategies, particularly in sustainable investing, ensuring they adapt to a rapidly evolving market landscape.