Northern Trust has been outperforming its competitors despite daily losses, drawing the attention of prominent hedge funds that view it as one of the best asset management stocks for investment. The company's stock is viewed as secure for long-terms returns. Recent measures, such as significant changes in its Wealth Management leadership, adopting advanced private market analytics and decision support in collaboration with Hamilton Lane, and launching enhanced collateral management solutions powered by CloudMargin highlight the company's commitment to innovation.
Efforts to strengthen its Private Wealth Sales and Distribution team and the continued expansion of its Wealth Client Group, together with the appointment of a new Director of Quantitative Solutions in the Asia Pacific region, are expected to boost Northern Trust’s standing in the competitive asset management market. Confidence in the company is reflected in its high institutional ownership, at around 87%, and financial results have beaten Q3 earnings and revenue estimates. The company's recent stock rating upgrade to Strong Buy and its declared dividend of $0.75 has also bolstered investor optimism.
Northern Trust Corp NTRS News Analytics from Tue, 25 Jun 2024 07:00:00 GMT to Sat, 21 Dec 2024 10:21:24 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 3
