Northern Trust Stock Price, News & Analysis

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.

Northern Trust forecasts a strong economic recovery in 2021, driven by COVID-19 vaccinations and consumer demand. Chief Investment Officer Bob Browne predicts positive returns across most equity markets, though lower than 2020 levels due to high valuations. The outlook emphasizes a V-shaped recovery for U.S. high yield bonds with an expected return of 4.9%, supported by improving credit fundamentals. Mid-single-digit returns are expected across equities: 4.9% in the U.S. and 7.9% in emerging markets. The firm maintains a modest overweight to high yield bonds and global listed infrastructure.

Northern Trust Asset Management announced significant changes to its money market mutual funds as of January 11, 2021. The Northern Funds-Municipal Money Market Fund (NOMXX) and Northern Institutional Funds-Municipal Portfolio (NMUXX) will close to new investors, with liquidation set for February 12, 2021. Additionally, a merger is proposed between the Northern Funds Money Market Fund (NORXX) and the Northern Funds-U.S. Government Money Market Fund (NOGXX), pending shareholder approval. This marks a strategic exit from the prime and municipal money market segment, driven by low U.S. interest rates and shifting investor preferences.

Northern Trust has renewed its collaboration with the Wharton Global Family Alliance (Wharton GFA) for three more years. This partnership focuses on research and best practices for multi-generational families and their businesses, addressing key issues in wealth management, governance, and philanthropy. Northern Trust, with over 130 years of experience and $318.5 billion in assets under management, aims to enhance knowledge sharing and initiatives that benefit global families. The partnership continues a successful relationship established in 2017.