The EVP & CFO of Northern Trust is Exercising Options

By Carrie Williams

Today it was reported that the EVP & CFO of Northern Trust (NTRSResearch Report), Biff Bowman, exercised options to sell 46,204 NTRS shares at $59.39 a share, for a total transaction value of $4.29M.

In addition to Biff Bowman, one other NTRS executive reported Sell trades in the last month.

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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 $19.2B and the company has a P/E ratio of 13.52. Currently, Northern Trust has an average volume of 900.5K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $99.20, reflecting a 10.1% 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.

Biff Bowman’s trades have generated a -2.6% 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.