Today, the EVP of Northern Trust (NASDAQ: NTRS), Jeffrey Cohodes, sold shares of NTRS for $1.58M.
In addition to Jeffrey Cohodes, 3 other NTRS executives reported Sell trades in the last month. Following Jeffrey Cohodes’ last NTRS Sell transaction on February 20, 2018, the stock climbed by 1.0%.
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Based on Northern Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.58 billion and quarterly net profit of $376 million. In comparison, last year the company earned revenue of $1.34 billion and had a net profit of $272 million. NTRS’s market cap is $23.71B and the company has a P/E ratio of 19.47. Currently, Northern Trust has an average volume of 1.16M.
Seven different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $117.14, reflecting a -10.0% downside.
The insider sentiment on Northern Trust has been negative according to 177 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through two segments: Corporate & Institutional Services and Wealth Management.
