The EVP & CIO of Northern Trust is Exercising Options

Today it was reported that the EVP & CIO of Northern Trust (NTRS), Robert Browne, exercised options to sell 31,595 NTRS shares at $56.83 a share, for a total transaction value of $3.14M.

Following Robert Browne’s last NTRS Sell transaction on June 14, 2019, the stock climbed by 11.8%.

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Based on Northern Trust’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.73 billion and quarterly net profit of $386 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $385 million. NTRS’s market cap is $21.28B and the company has a P/E ratio of 15.00. Currently, Northern Trust has an average volume of 675.5K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $99.20, reflecting a 0.1% upside.

The insider sentiment on Northern Trust has been negative according to 122 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.

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