CWM LLC lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,987 shares of the business services provider's stock after selling 2,036 shares during the period. CWM LLC's holdings in Thomson Reuters were worth $6,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth $26,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares during the period. Finally, Fifth Third Bancorp grew its position in Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Price Performance
TRI traded up $0.02 on Friday, reaching $209.29. 1,241,712 shares of the company's stock were exchanged, compared to its average volume of 482,804. The stock has a market cap of $94.30 billion, a PE ratio of 42.80, a P/E/G ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $218.42. The stock's fifty day moving average price is $197.21 and its 200-day moving average price is $180.94. 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 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 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on TRI shares. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. TD Securities restated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Bank of America started coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $187.30.
Check Out Our Latest Report on Thomson Reuters
Thomson Reuters Profile
(
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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