Axxcess Wealth Management LLC reduced its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 57.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,259 shares of the business services provider's stock after selling 1,669 shares during the quarter. Axxcess Wealth Management LLC's holdings in Thomson Reuters were worth $218,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in Thomson Reuters during the 4th quarter worth about $26,000. Investment Management Corp VA ADV acquired a new position in Thomson Reuters during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after acquiring an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Thomson Reuters by 42.8% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after acquiring an additional 145 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TRI has been the topic of a number of analyst reports. TD Securities reaffirmed a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Bank of America initiated coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective on the stock. National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $187.30.
Get Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Performance
NYSE:TRI traded up $0.84 during trading hours on Wednesday, reaching $211.23. 1,916,673 shares of the stock were exchanged, compared to its average volume of 479,434. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $196.32 and a 200-day simple moving average of $180.27. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $218.42. The stock has a market capitalization of $95.17 billion, a P/E ratio of 43.20, a P/E/G ratio of 5.67 and a beta of 0.76.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $1.11 EPS. The business's revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.595 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.13%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.
About Thomson Reuters
(
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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