Deutsche Bank AG Cuts Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Deutsche Bank AG trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,328 shares of the business services provider's stock after selling 55,311 shares during the period. Deutsche Bank AG owned approximately 0.06% of Thomson Reuters worth $44,317,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the fourth quarter worth about $26,000. Curio Wealth LLC acquired a new stake in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after purchasing an additional 136 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. TD Securities lifted their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Trading Up 0.8%

Thomson Reuters stock traded up $1.58 during mid-day trading on Friday, hitting $191.23. 538,637 shares of the stock were exchanged, compared to its average volume of 425,308. The firm's fifty day simple moving average is $177.26 and its two-hundred day simple moving average is $170.58. The stock has a market capitalization of $86.13 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 5.67 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $191.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.24%. Thomson Reuters's dividend payout ratio is currently 49.69%.

About Thomson Reuters

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.