2. Northern Trust Shares of Northern Trust of Chicago closed at $43.49 Tuesday, returning 10% year-to-date, following a 27% decline in 2011.
Based on a quarterly payout of 28 cents, the shares have a dividend yield of 2.58%. Usdin estimates that Northern Trust will earn $2.94 cents a share during 2012, and let its quarterly dividend remain at 28 cents, for dividend payout ratio of 39% and an estimated dividend yield of 2.6%. The analyst forecasts Northern Trust will repurchase 4 million shares during 2012, for $156 million, for a combined dividend and repurchase payout ratio of 62%. Usdin's price target for Northern Trust is $45.00. The shares trade for 1.8 times tangible book value, and 11 times the consensus 2012 EPS estimate of $3.90. The consensus 2013 EPS estimate is $4.55. Interested in more on Northern Trust? See TheStreet Ratings' report card for this stock.