Intel stock extends gains after report of possible U.S. government stake
Northern Trust (NASDAQ:NTRS), a $24.26 billion financial services company, saw its President of Asset Servicing, Teresa Parker, sell 7,602 shares of common stock on July 31, 2025. The shares were sold at a weighted average price ranging from $130.75 to $131.57, for a total transaction value of approximately $997,458. The sale comes as the stock has delivered an impressive 54% return over the past year, trading near its 52-week high of $133.
Following the transaction, Parker directly owns 71,789 shares of Northern Trust, which includes 64,334 stock units payable automatically on a 1-for-1 basis. Parker also indirectly owns 10,355.48 shares through a 401(k) as of June 30, 2025. The company, trading at a P/E ratio of 14.87, has maintained dividend payments for 55 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this top financial services firm.
In other recent news, Northern Trust Corporation announced that it exceeded forecasts for its second-quarter 2025 earnings. The company reported earnings per share of $2.13, surpassing the predicted $2.05, while revenue reached $2 billion, beating the anticipated $1.96 billion. Additionally, Northern Trust’s Board of Directors has authorized a new $2.5 billion stock repurchase program, replacing its previous authorization from October 2021. This new program has no expiration date and allows for share repurchases through various methods, including open market transactions and block trades.
In another development, Wolfe Research upgraded Northern Trust’s stock rating from Underperform to Peerperform. This upgrade was influenced by a more positive outlook following the company’s strong second-quarter earnings report. These recent developments reflect a period of significant activity for Northern Trust, highlighting its financial performance and strategic decisions.
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