BNP Paribas Financial Markets acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 43,424 shares of the business services provider's stock, valued at approximately $6,964,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in Thomson Reuters during the 4th quarter worth $26,000. Curio Wealth LLC bought a new position in Thomson Reuters during the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters during the 4th quarter worth $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters during the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on TRI shares. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Canaccord Genuity Group increased their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Bank of America started coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $183.70.
Read Our Latest Stock Report on TRI
Thomson Reuters Price Performance
Shares of Thomson Reuters stock traded up $1.58 during trading on Friday, hitting $191.23. The stock had a trading volume of 538,637 shares, compared to its average volume of 425,902. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $86.13 billion, a P/E ratio of 39.11, a PEG ratio of 5.67 and a beta of 0.75. The business has a fifty day moving average of $177.26 and a two-hundred day moving average of $170.65. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $191.42.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The company's revenue was up .8% on a year-over-year basis. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio is 49.69%.
Thomson Reuters Company Profile
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Free Report)
Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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