The EVP & CIO of Northern is Exercising Options

Yesterday it was reported that the EVP & CIO of Northern (NTRSResearch Report), Robert Browne, exercised options to sell 11,534 NTRS shares at $58.25 a share, for a total transaction value of $1.24M.

Following Robert Browne’s last NTRS Sell transaction on October 29, 2019, the stock climbed by 5.3%. In addition to Robert Browne, one other NTRS executive reported Sell trades in the last month.

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Based on Northern’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.75 billion and quarterly net profit of $380 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $370 million. The company has a one-year high of $108.45 and a one-year low of $75.96. NTRS’s market cap is $22.73B and the company has a P/E ratio of 16.01.

The insider sentiment on Northern has been negative according to 126 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Robert Browne’s trades have generated a -16.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.