Northern Trust Corporation (NTRS) has had a dynamic period recently with fluctuations in their stock and asset management. The asset management firm announced a dividend of $0.75, a decision that was later reiterated. While the company outperformed competitors on several trading days, there were also instances where it underperformed. Several firms, including Madison Asset Management and Hsbc Holdings, have reduced their stakes in the company, while others such as US Bancorp and UBS Group AG increased their holdings. Chandra Dhandapani has been appointed to the board of directors. Some market players question the corporation’s future, pointing to Q1 earnings and a perceived underwhelming SWOT analysis. Northern Trust’s latest earnings fell short of analysts' expectations, and this was reflected in the share price. However, the company was recently upgraded to a 'Buy' status. It has also strengthened its wealth management team, expanded product offerings, and pursued strategic partnerships, such as being chosen by Partners Group for asset servicing solutions and True Potential for solutions services.
Northern Trust Corp NTRS News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 16:10:53 GMT -
Rating -1
- Innovation 0
- Information 5
- Rumor 0
