Tuesday, September 12, 2017 10:15 PM ET
Insider Sales at Northern Trust (NTRS) are Significant and Extend the Selling Trend of Last Quarter
There was a significant level of insider selling disclosed today in filings with the SEC for Northern Trust. Two insiders — Robert P Browne, Officer, and Jana R Schreuder, Officer — disposed of 16,581 shares in the company for approximately $1,494,600. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 14,814 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 31,395 shares and have averaged 7,849 shares per transaction over this time period.
The number of insider buy/sell trades at Northern Trust is greater than that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 41 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Northern Trust insiders is lower than its peers. Within the peer group there were 1,436,102 shares purchased and 14,514,603 shares sold with company insiders having sold 318,988 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
Today’s Insider Activity
* Robert P Browne, Officer, sold 11,000 shares
* Jana R Schreuder, Officer, sold 5,581 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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