Callan Capital LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,414 shares of the business services provider's stock, valued at approximately $244,000.
Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $11,285,000. Cambridge Investment Research Advisors Inc. grew its position in Thomson Reuters by 7.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock valued at $1,948,000 after acquiring an additional 776 shares in the last quarter. Ameriprise Financial Inc. grew its position in Thomson Reuters by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock valued at $5,683,000 after acquiring an additional 313 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Thomson Reuters by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock valued at $469,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Stock Performance
TRI traded down $2.41 during trading hours on Friday, hitting $199.17. 800,312 shares of the stock were exchanged, compared to its average volume of 439,914. The stock has a 50-day simple moving average of $194.81 and a 200-day simple moving average of $179.25. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $202.33. The stock has a market cap of $89.74 billion, a price-to-earnings ratio of 40.73, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The company 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%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.
Analyst Ratings Changes
TRI has been the subject of several research analyst reports. Barclays increased their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Scotiabank reiterated a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. Wells Fargo & Company increased their target price on Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $187.30.
Check Out Our Latest Analysis on Thomson Reuters
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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