Northern Trust Corp. Reports Operating Results (10-K)

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Feb 25, 2011
Northern Trust Corp. (NTRS, Financial) filed Annual Report for the period ended 2010-12-31.

Northern Trust Corp. has a market cap of $12.63 billion; its shares were traded at around $52.14 with a P/E ratio of 19.7 and P/S ratio of 3.4. The dividend yield of Northern Trust Corp. stocks is 2.1%. Northern Trust Corp. had an annual average earning growth of 0.9% over the past 10 years.Hedge Fund Gurus that owns NTRS: Private Capital of Private Capital Management, Manning & Napier Advisors, Inc, John Paulson of Paulson & Co., Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC, Tom Russo of Gardner Russo & Gardner. Mutual Fund and Other Gurus that owns NTRS: John Rogers of Ariel Capital Management, Richard Aster Jr of Meridian Fund, Tom Gayner of Markel Gayner Asset Management Corp, Pioneer Investments, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates, Dodge & Cox.

Highlight of Business Operations:

Northern Trust Corporation (Corporation) is a financial holding company that is a leading provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. The Corporation conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (Bank). The Corporation was originally formed as a holding company for the Bank in 1971. The Corporation has 78 offices in 18 U.S. states and 16 international locations outside the U.S. At December 31, 2010, the Corporation had consolidated total assets of $83.8 billion and stockholders equity of $6.8 billion.

The Bank is an Illinois banking corporation headquartered in the Chicago financial district and the Corporations principal subsidiary. Founded in 1889, the Bank conducts its business through its U.S. operations and its various U.S. and non-U.S. branches and subsidiaries. At December 31, 2010, the Bank had consolidated assets of $70.4 billion and common equity capital of $5.4 billion.

C&IS is a leading global provider of asset servicing, asset management, securities lending, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth and government funds. Asset servicing, asset management, and related services encompass a full range of industry leading capabilities including but not limited to: global master trust and custody, trade settlement, and reporting; fund administration; cash management; investment risk and performance analytical services; and investment operations outsourcing. Client relationships are managed through the Bank and the Banks and the Corporations other subsidiaries, including support from international locations in North America, Europe, the Middle East, and the Asia Pacific region. Asset servicing relationships managed by C&IS often include investment management, transition management, and commission recapture services provided through NTGI. C&IS also provides related foreign exchange services from offices located in the U.S., U.K., and Singapore. At December 31, 2010, total C&IS assets under custody were $3.7 trillion and assets under management were $489.2 billion.

PFS is one of the largest providers of personal trust services in the United States, with $370.2 billion in assets under custody and $154.4 billion in assets under management at December 31, 2010. PFS services are delivered through 78 offices in 18 U.S. states as well as offices in London and Guernsey.

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