Northern Trust Stock Price, News & Analysis

Northern Trust (NTRS) has expanded its relationship with First Sentier Investors, an Australia-based asset manager with over US$157 billion in assets under management. The new mandate integrates front-to-back solutions for First Sentier's public market fund business across Australia, Ireland, Singapore, and the United Kingdom.

The comprehensive service package includes custody, depositary/trustee services, fund accounting, share-class hedging, transfer agency, and regulatory reporting services. Northern Trust, which has provided U.S. custody and fund administration services to First Sentier since 2005 and middle office solutions since 2020, will continue offering these services under the expanded agreement.

Northern Trust's third Business Owner Benchmark reveals significant insights about business owners' plans for 2025. Despite economic concerns, many are planning major business changes. The survey, conducted in Q3 2024, shows only 8% of respondents are optimistic about the economic outlook, with concerns primarily focused on the political environment (54%), tax policy changes (42%), and global conflicts (34%).

Business owners under 65 are focusing on growth, with 30% planning to expand into new business lines and 28% considering acquisitions. Those over 65 are more interested in selling their business (33%). Notably, 64% of respondents lack confidence in their children's ability to manage inherited wealth and businesses, while 43% hope their business will exist in 100 years.

Northern Trust (NTRS) has been selected to provide Integrated Trading Solutions (ITS) for Avanza Fonder, a Stockholm-based fund company. Northern Trust will handle outsourced trading primarily for Avanza Fonder's Global, Emerging Market, European and US equity market index funds. The partnership aims to enhance Avanza Fonder's operating efficiency, mitigate operational risks, and support business growth through an integrated middle-and back-office solution.

The ITS platform offers worldwide trading expertise in equities, fixed income, derivatives, futures, and ETFs across global markets. This collaboration enables Avanza Fonder to access greater liquidity and scale while focusing on core fund management activities.

Northern Trust has appointed Jesse Crane as Regional Director for the Pacific Northwest in its Foundation & Institutional Advisors (FIA) practice. Based in Seattle, Crane will provide investment solutions to foundation, endowment, and institutional nonprofit clients. He brings over 10 years of investment management experience, previously serving as vice president at Beacon Pointe.

The FIA practice offers sophisticated investment management solutions and strategic insights to nonprofit organizations and private foundations. Northern Trust Wealth Management manages over $440 billion in assets as of September 30, 2024, serving affluent individuals, family offices, foundations, endowments, and privately held businesses.

Northern Trust has appointed Jordon Voss as President of the Pacific Northwest Region, overseeing operations in Washington, Oregon, and Idaho. Voss, who joined the company in 2014, will lead the Seattle-based team in delivering wealth management services and growing the business throughout the region. Previously serving as Managing Director of the Seattle office, Voss is a former U.S. Navy pilot and JPMorgan Chase employee. Northern Trust Wealth Management currently manages over $440 billion in assets as of September 30, 2024.

Northern Trust Asset Management (NTAM), managing $1.3 trillion in assets, forecasts U.S. stock outperformance in 2025, supported by strong earnings and healthy sales growth. The firm maintains a preference for equities over fixed income in multi-asset portfolios, expecting U.S. equities to benefit from an economic soft landing. In fixed income, NTAM favors high yield bonds due to elevated yields and strong fundamentals.

The outlook includes positive views on small cap equities, money market funds, and private credit. For the U.S. economy, NTAM projects a soft landing with growth slightly below 2024 levels and inflation easing toward 2%. The outlook notes challenges in Europe's economic picture and concerns about China's growth falling short of its 5% target.

Northern Trust (Nasdaq: NTRS) has launched an enhanced active collateral solution in collaboration with CloudMargin to help institutional investors manage their collateral more efficiently. The new capability offers automated asset selection, complex eligibility rules support, real-time data access through client portals, report writing capabilities, and full end-to-end automation. CloudMargin's cloud-native platform serves over 225 institutions globally, providing automated collateral management workflow solutions with real-time analytics and controls.

Northern Trust (NTRS) has published its 2023 Sustainability Report, emphasizing its commitment to strengthening governance and ethical conduct. The company focuses on adapting and enhancing its governance structures and processes to manage global risks effectively. Key aspects include maintaining clear rules and practices, implementing strong ethics frameworks, and ensuring regular policy updates. The approach aims to ensure financial viability, accountability, transparency, and alignment with stakeholder interests.

Northern Trust has announced significant progress in its environmental initiatives, targeting a 50% reduction in GHG emissions across Scope 1, 2, and partial Scope 3 by 2030 from a 2019 baseline, with the ultimate goal of achieving Net Zero carbon emissions from operations by 2050. The company completed four LED lighting projects in 2023, saving approximately 60 tons of carbon. Energy consumption per full-time employee has decreased by 27%, with estimated absolute emissions reduction of 3.4% versus 2019 baseline. The company is implementing Environmental and Energy Management Systems in key locations and partnering with organizations like Climate Vault to support carbon removal technologies.