Northern Trust Stock Price, News & Analysis

Northern Trust announced that Wealth Management President Steve Fradkin and CFO Jason J. Tyler will present at the Barclays Global Financial Services Conference on September 14, 2021, at 11:00 a.m. (CT). The presentation will be available via Northern Trust's website. A replay will be accessible for about four weeks post-event. As of June 30, 2021, Northern Trust manages assets worth US$1.5 trillion and has US$15.7 trillion in assets under custody.

Wellteq Digital Health has signed a 5-year Master Services Agreement with Northern Trust Corporation to provide wellness solutions. This partnership aims to enhance employee health and reduce costs related to absenteeism and healthcare. Wellteq's platform, which includes personalized wellness and digital coaching, will initially support Northern Trust's Asia Pacific teams in Q3 2021. The wellness industry is projected to exceed US $90 billion annually by 2026, highlighting the growing demand for health services in the workplace.

U.S. institutional plan sponsors achieved notable investment gains in Q2 2021, largely driven by strong equity market performance amid rising Covid-19 vaccination rates. The median return in the Northern Trust Universe was 6.0%, marking the fifth-best quarterly performance in a decade. Corporate ERISA plans led with a 6.2% return, while Public Funds lagged at 5.6%. Key drivers included federal infrastructure spending proposals and robust technology sector returns. The U.S. equity allocation for ERISA plans stood at 24.1%, with fixed income at 42.9%.

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.