Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. The company was founded in 1889 and is headquartered in Chicago, Illinois.
IPO Year:
Exchange: NASDAQ
Website: northerntrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $103.00 → $127.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/26/2024 | $84.00 → $82.00 | Neutral → Sell | Goldman |
| 1/30/2024 | $82.00 → $86.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/9/2024 | $68.00 → $99.00 | Hold → Buy | Jefferies |
| 1/3/2024 | $85.00 | Peer Perform → Underperform | Wolfe Research |
| 10/18/2023 | Overweight → Equal Weight | Wells Fargo | |
| 10/10/2023 | $90.00 | Buy | BofA Securities |
| 7/10/2023 | $100.00 → $80.00 | Buy → Neutral | UBS |
| 4/26/2023 | Buy → Neutral | Seaport Research Partners | |
| 4/10/2023 | $97.00 → $96.50 | Underweight → Neutral | JP Morgan |
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4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
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4 - NORTHERN TRUST CORP (0000073124) (Issuer)
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Morgan Stanley upgraded Northern Trust from Underweight to Equal-Weight and set a new price target of $127.00 from $103.00 previously
Goldman downgraded Northern Trust from Neutral to Sell and set a new price target of $82.00 from $84.00 previously
Morgan Stanley downgraded Northern Trust from Equal-Weight to Underweight and set a new price target of $86.00 from $82.00 previously
Jefferies upgraded Northern Trust from Hold to Buy and set a new price target of $99.00 from $68.00 previously
Wolfe Research downgraded Northern Trust from Peer Perform to Underperform and set a new price target of $85.00
Wells Fargo downgraded Northern Trust from Overweight to Equal Weight
BofA Securities resumed coverage of Northern Trust with a rating of Buy and set a new price target of $90.00
UBS downgraded Northern Trust from Buy to Neutral and set a new price target of $80.00 from $100.00 previously
Seaport Research Partners downgraded Northern Trust from Buy to Neutral
JP Morgan upgraded Northern Trust from Underweight to Neutral and set a new price target of $96.50 from $97.00 previously
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
4 - NORTHERN TRUST CORP (0000073124) (Issuer)
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Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.2 trillion in assets under management as of June 30, 2024, announced Lyenda Simpson Delp will become Head of the Global Institutional Client Group, effective December 3. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925776877/en/Lyenda Simpson Delp, Head of the Global Institutional Client Group, Northern Trust Asset Management (Photo: Business Wire) Lyenda will lead the strategic direction and commercial success of NTAM's institutional businesses in the Americas, Europe, and the Middle East (EMEA), and Asia-Pacific (APAC) regions. NTAM
NTAM Appoints Head of Global Stewardship; Unveils Proxy Voting Choice Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.2 trillion in assets under management as of June 30, 2024, announced actions to further strengthen its investment stewardship capabilities: appointing Paul Clark as Global Head of Stewardship, and unveiling the phased rollout of proxy voting choice. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808855510/en/Paul Clark, Global Head of Stewardship, Northern Trust Asset Management (Photo: Business Wire) "We believe effective investment stewardship helps protect and e
Northern Trust has appointed Ali Nafii as Market Leader in San Diego, where he will direct the wealth management business serving high-net-worth individuals and families. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716033019/en/Ali Nafii (Photo: Business Wire) In his new role, Nafii will be responsible for driving strategic growth in San Diego. He will lead a team that provides best-in-class investment management, trust, banking and advisory solutions to many of San Diego's most successful families, companies and nonprofits. Nafii joined Northern Trust in 2015, most recently serving as Client Development Market Lead & Seni
Northern Trust (NASDAQ:NTRS) announced today the appointment of Chandra Dhandapani to its Board of Directors. Dhandapani is currently a senior advisor at CBRE Group, Inc., the world's largest commercial real estate services and investment firm. She previously served as Chief Executive Officer of the firm's Global Workplace Solutions (GWS) business segment, overseeing the delivery of services including facilities management, project management and transaction services to clients worldwide. Prior to that, she served in a dual role as CBRE's Chief Transformation Officer, with executive oversight for People, Marketing, Supply Chain and Corporate Real Estate, and Chief Operating Officer of G
Northern Trust has appointed Ayla Kalani as Los Angeles Market Leader, where she will lead the wealth management business serving high-net-worth individuals and families. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240325607340/en/Ayla Kalani, Northern Trust Wealth Management Los Angeles Market Leader. (Photo: Business Wire) Kalani's territory will include Century City, Pasadena and Santa Barbara, where offices are dedicated to delivering exceptional service, renowned expertise and an innovative goals-driven wealth management approach for clients. She joins a team providing best-in-class investment management, trust, banking
Northern Trust has appointed Dotti Reeder as Market President of Dallas-Fort Worth, where she will lead the wealth management business serving high-net-worth individuals and families. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240304684831/en/Dotti Reeder (Photo: Business Wire) Reeder will oversee offices at Saint Ann Court, Park Cities and Fort Worth dedicated to delivering exceptional service, renowned expertise and an innovative goals-driven wealth management approach for clients. She joins a team providing best-in-class investment management, trust, banking and advisory based solutions. Most recently, Reeder was at Tol
Northern Trust has appointed Wing Wilson as Chief Fiduciary Officer, East Region, where she will lead the team in the delivery of fiduciary and advisory services to families, individuals and foundations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212635719/en/Wing Wilson (Photo: Business Wire) In this role, Wilson, who will be based in New York City, will have fiduciary oversight across Northern Trust's East region, spanning from Florida to the New England states. She will lead the strategic direction and execution of these services while accelerating growth. Wilson has more than 15 years of experience in fiduciary serv
Northern Trust has appointed Brian Donovan Senior Managing Director of a wealth advisory team in Greater New York and lead of the Ultra High Net Worth (UHNW) Practice for the East Region, a newly created role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230913096732/en/Brian Donovan, Northern Trust Wealth Management (Photo: Business Wire) In his role as a Senior Managing Director, Donovan will lead one of Northern Trust's wealth advisory teams in the Northeast Region, to include partners in both New York and Connecticut. His team will focus on the delivery of holistic advice and outstanding client service, while seeking to ac
Northern Trust has appointed Kathryn Calcagno Senior Wealth Strategist in Portland, where she will work with high-net-worth individuals and families to develop comprehensive wealth management plans to meet their goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230628526180/en/Kathryn Calcagno, Northern Trust (Photo: Business Wire) Calcagno brings more than 35 years of experience in the wealth management industry, with an emphasis on working with new clients and offering holistic financial services. Most recently, Calcagno was the Senior Managing Director, Wealth Advisor at First Republic Bank, where she managed complex inve
Northern Trust has expanded the role of Michael J. Bracci to President of the East Florida and Mid-Atlantic Regions. Bracci, who has been President of the East Florida Region since 2003, will now lead the strategic direction and execution of the Wealth Management business of both the East Florida and Mid-Atlantic Regions, including Atlanta, Philadelphia and Washington, D.C. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230531005366/en/Michael Bracci, Northern Trust (Photo: Business Wire) Bracci, who joined Northern Trust in 1993, is a leader in investment management, trust and fiduciary management, financial planning and privat
Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, announced a series of appointments in the global fixed income team to further strengthen NTAM's credit investing and fundamental research capabilities. Kevin Gaydos has joined NTAM as Head of Credit Research. He leads a team of investment analysts focused on the entire capital structure, with a focus on investment grade issuers and high yield issuers. Most recently, Gaydos was Co-Head of Credit Research at Aviva Investors. Previously he held a number of analyst roles at Principal Global Investors. Gaydos holds a BBA and MBA from the Un
Northern Trust (NASDAQ:NTRS) announced today that Melanie Pickett has been named Head of Asset Servicing, Americas, leading its business serving institutional, corporate and asset manager clients in the region, effective January 1, 2025. Pickett, who has been Head of Asset Owners Americas since 2022, will continue to oversee product and service delivery to asset owner clients, including pensions, foundations, endowments, insurance companies and corporations, and assume responsibility for the business unit's asset manager clients. She will continue to report to Teresa Parker, President of Asset Servicing. Under Pickett's leadership, Asset Owners Americas experienced strong growth in new
Northern Trust Corporation announced today that it will webcast its fourth quarter 2024 earnings conference call live on Thursday, January 23, 2025. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:00 a.m. (CT), following the release that morning of Northern Trust's fourth quarter 2024 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institu
Northern Trust's FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares International Quality Dividend Defensive Index Fund (Ticker: IQDE) (the "Fund"). Prior to and through the close of regular trading (the "Close of Trading") on the NYSE Arca, Inc. ("NYSE Arca") on or about January 21, 2025 (the "Closing Date"), the Fund will undertake the process of closing down and liquidating its portfolio. The Fund will discontinue accepting orders for the purchase of creation units after 3:00 p.m., Eastern time, on January 17, 2025. Trading of the Fund's shares will be suspended prior to the open of regular trading (i.e., 9:30 a.m., Eastern time) on the NYSE Ar
Northern Trust has decreased its prime rate from 7.75% to 7.50%, effective Thursday, December 19, 2024. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135
Northern Trust announced today that John Onderdonk has been appointed National Practice Leader of Agricultural Properties. In this role, Onderdonk will oversee a multi-disciplinary group that manages and consults on agricultural properties such as farmland, ranches and timberland for Northern Trust's clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216683289/en/John Onderdonk (Photo: Business Wire) Onderdonk is the latest addition to Northern Trust's specialized team of trust and estate experts who serve as trustee or executor of unique assets such as real estate, private business interests and oil, gas and renewable e
Northern Trust announced today that Jesse Crane has joined the Foundation & Institutional Advisors (FIA) practice as Regional Director for the Pacific Northwest. Based in Seattle, Crane will provide investment solutions to the firm's foundation, endowment and institutional nonprofit clients. "With over 10 years of experience in the investment management industry, Jesse is a key addition to support the growth of our outsourced chief investment officer practice in the region," said Darius A. Gill, National Practice Executive for FIA. "We are very excited to add him to the team." Previously, Crane was a vice president at Beacon Pointe, where he advised nonprofits, foundations and endowment
Northern Trust has appointed Jordon Voss as President of the Pacific Northwest Region. Voss will lead Northern Trust's Seattle-based team in the delivery of holistic advice and superior client service, while accelerating the growth of the wealth management business throughout Washington, Oregon and Idaho. "Jordon's strategic vision, proven leadership and deep industry knowledge will be instrumental in building upon the success of this important region," said Marc Cosentino, West Region President of Northern Trust Wealth Management. "Under his guidance, the Pacific Northwest is poised to continue its tremendous growth while advancing Northern Trust's commitment to delivering a world-class
Earnings Growth Backs U.S. Equities; Strong Credit Quality Supports High Yield Market; U.S. Money Market Funds Remain Attractive; Private Credit Has Room to Grow Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, expects strong earnings and healthy sales growth to support U.S. stock outperformance in 2025. In the fixed income market, income potential combined with generally higher credit quality make high yield bonds attractive for investors. Summarizing the outlook, NTAM Chief Investment Officer of Global Asset Allocation Anwiti Bahuguna, Ph.D., said: "In multi-asset portfolios, we
Northern Trust (NASDAQ:NTRS) has launched an enhanced active collateral solution designed to help institutional investors manage their collateral more efficiently while meeting the demands of continual market change. The capability, delivered in collaboration with CloudMargin, a leading global collateral management technology company, will provide enhanced service capabilities, increased transparency on a real-time basis and platform resiliency. This includes automated asset selection based on flexible hierarchies, support of complex eligibility rules, access to real-time data through client portals, report write capabilities, and full end-to-end automation. Nadia Ivanova, Head of Busin
Northern Trust Corporation announced today that it will webcast its fourth quarter 2024 earnings conference call live on Thursday, January 23, 2025. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:00 a.m. (CT), following the release that morning of Northern Trust's fourth quarter 2024 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institu
Northern Trust's FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares International Quality Dividend Defensive Index Fund (Ticker: IQDE) (the "Fund"). Prior to and through the close of regular trading (the "Close of Trading") on the NYSE Arca, Inc. ("NYSE Arca") on or about January 21, 2025 (the "Closing Date"), the Fund will undertake the process of closing down and liquidating its portfolio. The Fund will discontinue accepting orders for the purchase of creation units after 3:00 p.m., Eastern time, on January 17, 2025. Trading of the Fund's shares will be suspended prior to the open of regular trading (i.e., 9:30 a.m., Eastern time) on the NYSE Ar
Northern Trust Corporation has released its third quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on October 23, 2024, which is available on the SEC's website at https://www.sec.gov. Webcast of Third Quarter Earnings Conference Call Northern Trust's third quarter earnings conference call will be webcast on October 23, 2024. The live call will be conducted at 8:30 a.m. CT and is accessible on Northern Trust's website at the address noted above. A recording of the live call will be available on Northern Tru
Northern Trust Corporation (NASDAQ:NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2025, to holders of record at 5:00 p.m., Chicago time, on December 6, 2024. Northern Trust Corporation also declared cash dividends of $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depository share), payable on January 1, 2025, to holders of record at 5:00 p.m., Chicago time, on December 15, 2024. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset
Northern Trust Corporation announced today that it will webcast its third quarter 2024 earnings conference call live on Wednesday, October 23, 2024. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:30 a.m. (CT), following the release that morning of Northern Trust's third quarter 2024 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institution
Northern Trust Corporation has released its second quarter 2024 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on July 17, 2024, which is available on the SEC's website at https://www.sec.gov. Webcast of Second Quarter Earnings Conference Call Northern Trust's second quarter earnings conference call will be webcast on July 17, 2024. The live call will be conducted at 8:30 a.m. CT and is accessible on Northern Trust's website at the address noted above. A recording of the live call will be available on Northern Tru
Northern Trust Corporation (NASDAQ:NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2024, to holders of record at 5:00 p.m., Chicago time, on September 6, 2024. Northern Trust Corporation also declared cash dividends of $2,300 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), and $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depository share), each payable on October 1, 2024, to holders of record at 5:00 p.m., Ch
Northern Trust Corporation today commented on the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR). Based on the 2024 CCAR results, Northern Trust will be subject to a preliminary stress capital buffer (SCB) of 2.5 percent, which is the minimum SCB requirement under the applicable regulation and unchanged from the current level. The SCB will be effective from October 1, 2024, to September 30, 2025, and will equate to a minimum common equity tier 1 (CET1) ratio of 7 percent. "The Federal Reserve's annual CCAR stress test results once again confirmed the strength of our capital position and business model as well as our ability to withstand a variety
Northern Trust Corporation announced today that it will webcast its second quarter 2024 earnings conference call on Wednesday, July 17, 2024. The live webcast, earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:30 a.m. (CT), following the release that morning of Northern Trust's second quarter 2024 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions,
Northern Trust Corporation (NASDAQ:NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on July 1, 2024, to holders of record at 5:00 p.m., Chicago time, on June 7, 2024. Northern Trust Corporation also declared cash dividends of $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depository share), payable on July 1, 2024, to holders of record at 5:00 p.m., Chicago time, on June 15, 2024. About Northern Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of wealth management, asset servicing,