Northern Trust executive vice president sells $429,852 in stock

Thomas A. South, Executive Vice President of Northern Trust Corp (NASDAQ:NTRS), recently reported a series of transactions involving the company’s common stock. The transactions come as Northern Trust trades near its 52-week high of $114.67, with the stock showing remarkable strength, up 34% over the past six months. On February 19, South sold 3,804 shares at a price of $113 each, totaling $429,852. Following this sale, South holds 81,794 shares directly in the $22.28 billion market cap company. According to InvestingPro analysis, Northern Trust appears undervalued at current levels.

Additionally, on February 18, South acquired 18,190 shares without any cost, as indicated by the transaction details. This acquisition increased his holdings but was followed by a disposition of 7,347 shares at $112.69 each, amounting to $827,933, to cover tax obligations. As of the latest filing, South’s direct ownership stands at 81,794 shares, alongside an indirect holding of 3,874.33 shares in a 401(k) plan as of December 31, 2024. The company maintains a solid 2.64% dividend yield and has consistently paid dividends for 55 consecutive years. Discover more insights about Northern Trust’s financial health and growth potential with InvestingPro, which offers 8 additional exclusive tips and comprehensive analysis.

In other recent news, Northern Trust Corporation reported robust financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved earnings per share (EPS) of $2.26, exceeding the forecast of $1.99, and reported revenue of $1.97 billion, which was above the anticipated $1.92 billion. Trust investment fees saw a 12% year-over-year increase, contributing to the company’s strong performance. Additionally, Northern Trust’s net interest income reached a record $574 million, marking a 15% increase from the previous year.

In terms of assets, the company reported a 9% increase in assets under custody, totaling $15.6 trillion. These results reflect Northern Trust’s strategic focus on growth and efficiency, as highlighted by CEO Mike O’Grady. In leadership news, Northern Trust Wealth Management announced key appointments effective March 1, 2025, with Glenda Pedroso and Michael Bracci taking on significant roles to enhance the firm’s banking and advisory capabilities. These developments come as Northern Trust continues to execute its strategic priorities and adapt to the evolving needs of its clients.

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