Northern Trust Stock Price, News & Analysis

Northern Trust Asset Management (NTAM), managing US$1.3 trillion in assets, announced a significant expansion of its global quantitative investment strategies team. The firm has hired 13 new investment personnel in Amsterdam, including quantitative researchers, portfolio analysts, and developers, who will join starting February 2025.

Key appointments include Maarten Smit as Senior Portfolio Analyst, Tim Zwinkels as Senior Quantitative Researcher, Edmund Wadge as Senior Quantitative Researcher, and Gijsbert de Lange as Investment Solutions Expert. The new team brings expertise in machine learning, AI, alternative data sets, and sustainable investing signals.

This expansion follows recent appointments including Guido Baltussen as Head of Quantitative Strategies, International. NTAM currently manages US$43 billion in quantitative strategies across equities and fixed income as of December 31, 2024.

Canadian pension plans demonstrated resilience in Q4 2024, achieving a 1.5% median advance and a robust 10.6% return for the full year, according to the Northern Trust Canada Universe. The quarter was characterized by mixed market performance amid economic shifts and geopolitical tensions.

Canadian equities (S&P/TSX Composite Index) gained 3.8% in Q4 and 21.7% for the year, with Information Technology leading both periods. U.S. equities (S&P 500) rose 9.0% in CAD for Q4 and 36.4% for the year. International markets faced challenges, with the MSCI EAFE Index declining 2.1% in Q4 but gaining 13.8% for the year.

The Bank of Canada cut interest rates by 50 basis points to 3.25% in December, while the Federal Reserve implemented a 25-basis-point cut to 4.25-4.50%. The Canadian Fixed Income market remained flat for the quarter, with corporate bonds showing positive returns while Federal and Provincial bonds declined.

Northern Trust (NTRS) has announced a significant enhancement to its Carbon Ecosystem™, enabling the generation of digital voluntary carbon credits in near real-time. This development streamlines the verification process for Voluntary Carbon Markets (VCM) by automating previously manual processes.

The system can now receive data and record verified carbon credits almost instantly, capturing important attributes like CO2 capture flow rates and power consumption. Northern Trust is collaborating with several partners, including InceptionX, which has successfully transmitted carbon data from a San Francisco wastewater recycling installation, Mangrove Systems, providing digital measurement and verification solutions, and The Carbon Removers, a UK-based project developer working with a Scottish distillery.

This enhancement follows the formal launch of The Northern Trust Carbon Ecosystem in September 2024, which connects institutional buyers with project developers. The platform uses blockchain technology to enable direct purchase and retirement of digital carbon credits, with Northern Trust acting as the designated custodian.

Northern Trust (NTRS) has announced its fourth quarter 2024 financial results. The company will host an earnings conference call on January 23, 2025, at 8:00 a.m. CT. The webcast will be accessible through Northern Trust's investor relations website, and a recording will be available for approximately four weeks afterward. The detailed financial results can be found on both the company's website and through their SEC Form 8-K filing dated January 23, 2025.

Northern Trust (NTRS) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.75 per share on its common stock, payable on April 1, 2025, to stockholders of record as of March 14, 2025.

Additionally, the company declared dividends on its preferred stock: $2,300 per share on Series D preferred stock ($23.00 per depositary share) and $293.75 per share on Series E preferred stock ($0.29375 per depositary share). Both preferred stock dividends will be paid on April 1, 2025, to holders of record as of March 15, 2025.

Northern Trust (NTRS) has announced two significant appointments to its board of directors. Robert (Bob) Moritz, former global chairman of PricewaterhouseCoopers (PwC), will join effective March 1, 2025, while Richard (Rick) Petrino, a former American Express Company executive, joins immediately.

Moritz brings extensive experience from his tenure at PwC, where he served as global chairman, U.S. chairman and senior partner, and held various leadership roles in financial services and international operations. He currently serves on Walmart's board and is involved with the World Economic Forum's International Business Council.

Petrino's appointment leverages his nearly three-decade career at American Express, where he most recently served as COO of American Express National Bank. His experience includes roles as executive vice president, corporate controller, chief accounting officer, and head of global capital markets.

Northern Trust (NTRS) has secured a significant asset servicing mandate from Platinum Asset Management, a Sydney-based investment firm managing approximately AU$11 billion in global equities funds. Under the new agreement, Northern Trust will provide comprehensive services including custody, fund administration, regulatory reporting, investment operations outsourcing, ETF administration, and collateral management.

The partnership highlights Northern Trust's 'front-to-back' approach and ability to deliver comprehensive and scalable solutions. Platinum Asset Management, established in 1994, selected Northern Trust based on their consultative approach and cultural alignment between the organizations.

National University of Singapore (NUS), Northern Trust, and UOB have launched a pioneering initiative to tokenize green bond credentials using blockchain technology. This first-in-market initiative aims to enhance transparency in ESG reporting, with NUS becoming Singapore's first university to implement blockchain for this purpose.

The project will utilize Northern Trust's Matrix Zenith™ digital assets platform to mint and hold a green bond reporting token containing environmental impact reporting data from NUS' third green bond, issued in 2023. UOB, as lead arranger, will provide feedback on how tokenized data can improve investors' sustainability reporting practices.

This initiative is part of the Monetary Authority of Singapore's Project Guardian, focusing on enhancing financial markets through asset tokenisation. The collaboration is supported by a three-year MoU signed between NUS and Northern Trust in November 2024, aimed at exploring blockchain technology applications in green finance practices.

Northern Trust Asset Management (NTAM), with $1.3 trillion in assets under management, announced key appointments to strengthen its credit investing and fundamental research capabilities. Kevin Gaydos joins as Head of Credit Research, leading a team focused on investment grade and high yield issuers.

Additional appointments include Sau Mui as Senior High Yield Portfolio Manager, Jeff Jones as Senior High Yield Trader, Melinda Lans-Kautz as Senior Credit Research Analyst, and Adán Jiménez as Credit Research Analyst. These professionals bring extensive experience from institutions like Aviva Investors, PPM America, and Goldman Sachs.

NTAM manages $486.5 billion in fixed income and liquidity strategies as of September 30, 2024. The company's outlook for 2025 favors high yield bonds due to elevated yields, strong fundamentals, and supportive market conditions.