Northern Trust Stock Price, News & Analysis

Northern Trust (Nasdaq: NTRS) has been selected by Emerald Technology Ventures AG to provide fund administration, global custody, and banking services for the Emerald Global Water Impact Fund LP. This US$100 million fund will invest in early-stage and expansion-stage companies in the water technology sector, addressing global water issues aligned with UN sustainable development goals. Northern Trust's partnership with Emerald spans over two decades, supporting six fund launches and innovations in private equity blockchain applications.

In the third quarter of 2020, institutional investment plans reported positive median returns, according to the Northern Trust Universe. The median plan return was 5.1% from July 1 to September 30. Foundations and Endowments achieved a 5.9% return, surpassing Public Funds at 5.0% and Corporate ERISA pension plans at 4.4%. The U.S. equity median return was 8.3%, while U.S. fixed income yielded 1.4%. Notably, Corporate ERISA pensions allocated 38.8% of assets to fixed income. Northern Trust Corporation, listed as NTRS, oversees over $1.3 trillion in assets.

Northern Trust (Nasdaq: NTRS) has launched new Research Management and Investment Analysis modules in its Front Office Solutions tool. This web-based platform caters to institutional investors managing complex portfolios, including alternatives, by improving data capacity, speed, and customizable reporting. The Research Management module supports the manager selection process, while the Investment Analysis module allows investors to evaluate performance and risk measures across their investments. The tool leverages cloud technology and AI for efficient data management.

The Northern Trust Canada Universe reported a 3.2% return for Canadian defined benefit plans in Q3 2020, bolstered by resilient equity markets despite volatility. Canadian equities saw a 4.7% rise, while U.S. equities surged 6.8% in CAD. International developed markets produced a 2.9% return, and emerging markets led at 7.6%. The Canadian economy showed recovery signs with a drop in unemployment to 9.0%. Meanwhile, the U.S. unemployment rate fell to 7.9%. Northern Trust continues to adapt to evolving pension plan needs amid ongoing economic recovery.

Northern Trust Wealth Management has appointed Ron Klotter as a Senior Portfolio Manager in its Foundation & Institutional Advisors (FIA) practice in Chicago. Klotter will oversee investment strategies for nonprofit clients, leveraging his extensive background in investment management. Previously, he held roles at Strategic Investment Group, Wellington Management Company, and Invesco. With over 130 years of experience, Northern Trust manages $303.8 billion in assets as of June 30, 2020, and provides wealth management services globally.

Northern Trust (Nasdaq: NTRS) has been chosen by Kieger AG to deliver comprehensive fund administration, global custody, depositary, and currency management services for its Luxembourg-domiciled funds, which focus on ESG criteria. Kieger manages several billion euros in assets across various sectors. Northern Trust's commitment to Luxembourg's fund jurisdiction aligns with its continental growth strategy, offering a full suite of asset servicing solutions.

With a strong presence in Luxembourg since 2004, Northern Trust is now a top 10 fund administrator in the region.

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.