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NORTHERN TRUST CORPORATION

(NTRS)
  Report
Delayed Nasdaq  -  04:00 2022-10-03 pm EDT
88.22 USD   +3.11%
09/30Goldman Sachs Adjusts Northern Trust's Price Target to $101 from $114, Maintains Buy Rating
MT
09/27Northern Trust Integrated Trading Solutions Recognized as Leader in Chartis Research Outsourced Trading Solutions Report, 2022
BU
09/27Deutsche Bank Adjusts Northern Trust's Price Target to $120 From $123, Maintains Buy Rating
MT
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Northern Trust Creates Digital Assets and Financial Markets Group

06/23/2022 | 09:31am EDT

New Asset Servicing team unifies digital and traditional market functions

Recognizing the growth of digital markets alongside the continued evolution of the traditional securities services marketplace, Northern Trust (Nasdaq: NTRS) has announced the formation of its Digital Assets and Financial Markets group, which will be led by Justin Chapman who currently is global head of Market Advocacy Innovation and Research.

The new group combines the teams responsible for supporting the fast-growing digital asset markets and those dedicated to providing market access and insights across the traditional securities services markets.

“Clients are increasingly interested in the development of digital markets and investing in digital assets, alongside allocations to more traditional asset classes such as equities, fixed income, alternatives and private assets,” said Pete Cherecwich, president of Asset Servicing at Northern Trust. “Rather than create separate business lines, by aligning our focus on digital and traditional markets together, we can continue to develop services and capabilities that truly reflect and enable our clients’ evolving investment strategies.”

“Traditional and digital markets already co-exist and the boundaries between the two will only continue to blur over time,” Chapman said. “At the same time as more institutional investors are entering the digital arena, the rest of the securities industry is also facing an unprecedented amount of change arising from new regulation, market evolution and the development of emerging technology capabilities. For investors wishing to navigate this environment, our new combined group will provide access to market-leading expertise, industry insights and continued innovations across all markets and all asset classes.”

Northern Trust has been a leading innovator in the digital transformation of securities servicing. From pioneering the use of blockchain technology in private equity fund administration in 2017 to support for the tokenization and fractionalization of bonds in 2020 and partnering in the launch of institutional-grade crypto asset custodian Zodia Custody in 2021.

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 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.


© Business Wire 2022
All news about NORTHERN TRUST CORPORATION
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Analyst Recommendations on NORTHERN TRUST CORPORATION
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Financials (USD)
Sales 2022 7 090 M - -
Net income 2022 1 573 M - -
Net Debt 2022 10 698 M - -
P/E ratio 2022 11,4x
Yield 2022 3,40%
Capitalization 17 830 M 17 830 M -
EV / Sales 2022 4,02x
EV / Sales 2023 3,94x
Nbr of Employees 21 100
Free-Float 84,6%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 85,56 $
Average target price 112,13 $
Spread / Average Target 31,0%
EPS Revisions
Managers and Directors
Michael G. O'Grady Chairman, President & Chief Executive Officer
Jason J. Tyler Chief Financial Officer & Executive Vice President
Thomas A. South Chief Information Officer & Executive VP
Angelo G. Manioudakis Chief Investment Officer
Susan M. Crown Independent Director
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