Northern Trust Corp (+1, NTRS US, October 26th)
3 insiders bought a total of $1.7m of stock between the 23-25th October at approx $64.50, just a few days after the company announced results on the 18th of October.
Michael O’Grady (Chair and CEO since 2018) bought $1.3m of stock, increasing his stake by 6% in his first-ever purchase despite a long tenure.
Susan Levy (General Counsel since 2014) purchased $322,000, increasing her stake by 5%, this is also her first purchase despite a long tenure.
Jason Tyler (CFO since 2020) purchased $112,000 of stock in his first purchase. The shares have approximately halved from their peak but this is a very unusual cluster of rare buyers.
We are ranking the stock +1.