Callan Capital LLC Takes Position in Thomson Reuters Co. (NYSE:TRI)

Callan Capital LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,414 shares of the business services provider's stock, valued at approximately $244,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $11,285,000. Cambridge Investment Research Advisors Inc. grew its holdings in Thomson Reuters by 7.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock worth $1,948,000 after acquiring an additional 776 shares during the period. Ameriprise Financial Inc. grew its holdings in Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after acquiring an additional 313 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Thomson Reuters by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock worth $469,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Ratings Changes

TRI has been the topic of a number of recent analyst reports. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. Wells Fargo & Company boosted their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of "Hold" and a consensus price target of $187.30.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded up $1.42 during midday trading on Thursday, reaching $201.43. 144,817 shares of the company traded hands, compared to its average volume of 539,026. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $202.33. The stock has a 50-day moving average price of $194.20 and a 200 day moving average price of $178.74. 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 company has a market cap of $90.75 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 5.67 and a beta of 0.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.18%. Thomson Reuters's dividend payout ratio is 49.69%.

Thomson Reuters Profile

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.