Northern Trust Stock Price, News & Analysis

Northern Trust Corporation reported its third quarter 2020 financial results, showcasing assets under custody/administration of US $13.1 trillion and assets under management of US $1.3 trillion as of September 30, 2020. The company will host a webcast for its earnings call on October 21, 2020, at 9:00 a.m. CT, accessible on its website. Northern Trust, founded in 1889, serves a diverse clientele internationally. The results reflect its ongoing commitment to exceptional service and financial expertise.

Northern Trust Corporation (Nasdaq: NTRS) announced a quarterly cash dividend of $0.70 per share on its common stock, payable on January 1, 2021. Eligible shareholders must be on record by December 11, 2020. Additionally, a cash dividend of $293.75 per share for its Series E non-cumulative perpetual preferred stock will be paid on the same date, with a record date of December 15, 2020. As of June 30, 2020, Northern Trust managed $1.3 trillion in assets, underscoring its strong financial position.

Northern Trust Asset Management has released 'The Risk Report,' analyzing over 200 institutional equity portfolios, revealing key factors contributing to unintended outcomes. The report highlights that portfolios have nearly double the amount of uncompensated risk compared to compensated risk, resulting in underperformance. Key drivers include hidden risks, over-diversification, and a 'cancellation effect' where conflicting strategies dilute returns. The report aims to provide insights for investors to better understand and mitigate hidden risks in their portfolios.

Northern Trust (Nasdaq: NTRS) has extended its partnership with Driehaus Capital Management, enhancing services including fund accounting, administration, transfer agency, and global custody for the Driehaus Mutual Funds. This relationship, initiated in 2009, has been pivotal in consolidating service providers and lowering operational risks, according to Driehaus CFO Bob Kurinsky. Northern Trust aims to continue providing scalable and efficient solutions to support Driehaus's strategic objectives.

Northern Trust (Nasdaq: NTRS) has been chosen by Marks & Spencer Pension Trust to deliver asset servicing solutions for its £11 billion pension scheme. This collaboration includes global custody and financial reporting to enhance oversight and administration of investments. Northern Trust aims to facilitate improved transparency over ESG risk exposures and support the pension trust's de-risking journey. With a commitment to the retirement industry, Northern Trust currently serves nearly 300 UK pension funds with over US$884 billion in assets under custody.

Northern Trust (Nasdaq: NTRS) has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over US$7 billion in insurance assets. The partnership is expected to enhance Federated's investment program, leveraging Northern Trust's industry expertise and advanced technology. Northern Trust manages over $940 billion in assets under custody and services more than 180 insurance clients globally. This collaboration underscores Northern Trust's commitment to client service and innovative solutions within the insurance sector.

Northern Trust Canada has launched the Benefit Payment Participant Passport, an online portal designed to enhance automation for Canadian benefit plan participants. This portal provides real-time access to program information in both French and English, allowing users to manage personal details, track payments, and view tax documents securely online, 24/7. Katie Pries, President and CEO, highlighted the company's commitment to client feedback by enhancing service accessibility and convenience.

Northern Trust Corporation has released its 2019 Corporate Social Responsibility Report, highlighting progress in Diversity, Equity, and Inclusion (DEI), greenhouse gas emissions reduction, and new Environmental, Social, and Governance (ESG) tools. Key achievements include a 32% reduction in carbon emissions from 2015, a $160 million commitment to diverse businesses, and over $2.6 billion invested in community development. The report also reflects on the impact of COVID-19 and ongoing social justice initiatives, aiming for long-term societal change.