Insider Selling: Northern Trust Corp. EVP Unloads 10,000 Shares of Stock (NTRS)
Northern Trust Corp. (NASDAQ:NTRS) EVP Jeffrey D. Cohodes unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $61.04, for a total transaction of $610,400.00. Following the transaction, the executive vice president now directly owns 22,193 shares in the company, valued at approximately $1,354,661. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Northern Trust Corp. to $66.00 in a research note to investors on Tuesday. Separately, analysts at Portales Partners initiated coverage on shares of Northern Trust Corp. in a research note to investors on Friday, January 10th. They set an “underperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Northern Trust Corp. from $60.00 to $64.00 in a research note to investors on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.82.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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