Northern Trust Stock Price, News & Analysis

Northern Trust (NTRS) has been selected to provide custody services for the Fiji National Provident Fund (FNPF), Fiji's sole compulsory Superannuation Fund. FNPF manages retirement savings for Fijian workforce through a multi-asset class approach, including listed equities, fixed-income securities, private markets, and real estate. This selection marks Northern Trust's first institutional client in Fiji, expanding its footprint in the Asia Pacific region where it maintains offices across ten major cities and serves various institutional clients including central banks, sovereign wealth funds, and asset managers.

Northern Trust reported record-breaking employee volunteering in 2023, with staff contributing 106,000 hours of service throughout the year, including nearly 53,000 hours during October's global month of service, Achieving Greater Together. The company supported over 1,700 organizations worldwide through various initiatives, from shelter painting in India to beach clean-ups in Australia. For every volunteer hour in October, Northern Trust donated 50 meals, resulting in over 2.6 million meals contributed. The company maintained an 'Outstanding' Community Reinvestment Act rating for the 28th consecutive year, with a community investment portfolio exceeding $4.6 billion.

Northern Trust Asset Management (NTAM), managing $1.3 trillion in assets, has appointed Peter Wilke, CFA as Head of Tactical Asset Allocation. Wilke will lead a team conducting global macroeconomic research that drives NTAM's investment views on market-moving factors. Reporting to CIO Anwiti Bahuguna, he brings over 20 years of multi-asset investment experience from previous roles at Wellington Management, BlackRock, and Deutsche Bank. The appointment aims to strengthen NTAM's investment capabilities and enhance their economic research process.

Northern Trust Asset Management (NTAM) has appointed Jan Rohof as Director of Quantitative Solutions for Asia Pacific, based in Melbourne. This appointment is part of a series of global quantitative appointments, following the 2023 hiring of Guido Baltussen as head of Quantitative Strategies International. Rohof will lead NTAM's quantitative investment solutions in APAC, focusing on creating tailored investment strategies for clients. Previously at Robeco for ten years, Rohof joins NTAM's global team of over 40 quantitative investment professionals. The firm manages approximately US$40.4 billion in quantitative active strategies as of September 30, 2024.

Northern Trust has secured three major awards from Professional Wealth Management and The Banker magazines, including 'Best Private Bank in the U.S.' for the 13th time, 'Best Private Bank in North America for Entrepreneurs', and 'Best Private Bank in North America for Ultra High Net Worth Clients'. The awards recognize Northern Trust's excellence in wealth management, particularly noting their data analysis capabilities and comprehensive services for entrepreneurs and family businesses. With over $440 billion in assets under management, the company serves affluent individuals, families, and businesses through specialized teams offering tailored wealth management solutions, succession planning, and commercial banking services.

Northern Trust announced a reduction in its prime rate from 8.00% to 7.75%, which will take effect on Friday, November 8, 2024. This 25 basis point decrease represents an adjustment in the bank's benchmark lending rate.

Northern Trust reports strong Q3 2024 performance for U.S. institutional investors, with the All Funds Over $100 Million plan universe achieving a 4.7% median return. The Corporate (ERISA) universe led with 6.4%, followed by Public Funds at 4.5% and Foundation & Endowment at 4.2%. Strong performance was driven by U.S. equities and fixed income markets, with small-cap stocks outperforming large-caps. The U.S. Fixed Income program posted a 5.0% median return, while the U.S. Equity Program achieved 6.3%. One-year returns approached 20% across segments.

Northern Trust (NTRS) completed a record-breaking month of service with employees contributing 61,000 volunteer hours to support more than 1,600 nonprofit organizations across 20 countries. The 'Achieving Greater Together' initiative included activities like blood donation drives in India, animal shelter support in Luxembourg, and food donation assistance in the UK. The company provides employees with two paid volunteer days annually and pledges 50 meals for every hour volunteered in October. This year's efforts resulted in a pledge of over 3 million meals through partnerships with global food banking networks.

Northern Trust Asset Management (NTAM), managing $1.3 trillion in assets, has appointed Robert Eaton as Senior Relationship Manager within their Wealth Client Group. Eaton brings over 20 years of experience in asset management, ETFs, and wealth-tech, previously serving as Head of Strategic Relationships at BondBloxx Investment Management ETFs and various leadership roles at BlackRock. His expertise spans relationship management, product strategy, portfolio analytics, and wealth-tech business development across different wealth channels.