Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) has announced an agreement to acquire an equity stake in Equity Data Science, Inc. (EDS), enhancing its technology offerings for institutional investors. This partnership integrates EDS's analytics platform with Northern Trust’s systems to provide advanced decision support tools for asset managers, focusing on research management, idea generation, portfolio optimization, and risk management. According to Pete Cherecwich, Northern Trust aims to help clients leverage data for better investment decisions, striving to increase transparency and efficiency in asset management.

Northern Trust has partnered with IHS Markit to enhance its investment lifecycle services. This integration with the thinkFolio platform will streamline operations for asset managers and owners. The partnership aims to provide clients with an integrated process that reduces operational costs and improves efficiency. Utilizing Amazon Web Services for hosted services, the collaboration focuses on enhancing transaction capture and data synchronization. This alliance is expected to bolster Northern Trust's offerings, promoting advanced solutions across its Whole Office ecosystem.

According to the Northern Trust Universe, the institutional investment plans experienced a significant performance in 2020, with a median return of 12.5% for the year and 9.4% for the fourth quarter. Tracking the performance of 388 institutions with over $100 million in assets, the combined asset value reached approximately $1.4 trillion. Corporate ERISA pension plans recorded a 14.8% return for the year, while Foundations and Endowments yielded 11.9%. The fourth-quarter U.S. equity market rally was fueled by optimism surrounding COVID-19 vaccinations.

Northern Trust has appointed Philip Tedeschi as the Director of Client Development for the East Region within its Global Family and Private Investment Office Services business. Tedeschi, based in Boston, will spearhead market development initiatives and support national priorities. He brings over 15 years of experience from BNY Mellon, where he held various leadership roles. Northern Trust’s GFO group serves over 450 families globally, with an average client size of US$900 million, backed by $347.8 billion in assets under management as of December 31, 2020.

The Northern Trust Canada Universe reports that Canadian pension plans achieved a 5.0% return in Q4 2020, culminating in a 10.0% annual gain despite ongoing pandemic challenges. Global equity markets showed resilience, driven by fiscal stimulus and vaccine approvals. Canadian equities rose 9.0% in Q4, while U.S. equities gained 7.0%. The Canadian economy benefited from fiscal measures, with unemployment dropping to 8.6%. The report highlights the adaptability of pension plan sponsors and the solid performance of various sectors during a tumultuous year.

Northern Trust Corporation (NTRS) has announced its fourth quarter 2020 financial results, highlighting a significant global presence with assets under custody/administration of US $14.5 trillion and assets under management of US $1.4 trillion as of December 31, 2020. The earnings conference call is scheduled for January 21, 2021, at 9:00 a.m. CT, with a recording available later. Established in 1889, Northern Trust offers a range of financial services and has been recognized for its exceptional service and integrity.

Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on April 1, 2021, for shareholders on record as of March 12, 2021. Additionally, the company declared dividends for its Series D and Series E non-cumulative perpetual preferred stock, amounting to $2,300.00 and $293.75 per share, respectively, also payable on April 1, 2021, with record dates of March 15, 2021. Northern Trust provides a range of financial services, managing over $14.4 trillion in assets.

Northern Trust (Nasdaq: NTRS) has partnered with Westwood Holdings Group to deliver outsourced trading services through its Integrated Trading Solutions (ITS). This collaboration aims to enhance Westwood’s trading operations, managing $12 billion in assets. Northern Trust will facilitate equity and fixed income trading as well as middle office trade settlement. The partnership is expected to provide operational flexibility, scalability, and increased transparency in client performance reporting while optimizing costs and risk controls.

Northern Trust (Nasdaq: NTRS) has been appointed by Strategic Global Advisors, LLC, a prominent institutional asset management firm, to deliver middle office outsourcing and foreign exchange services through its Complete FX™ platform. This selection reflects Northern Trust's reputation for advanced technology and client service, helping Strategic Global Advisors scale its operations. The partnership is expected to enhance investment outcomes for clients, building on Northern Trust’s extensive experience in fund administration and global custody, with assets under management totaling $1.3 trillion.