Denali Advisors LLC Buys 2,122 Shares of Thomson Reuters Co. (NYSE:TRI)

Denali Advisors LLC grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,637 shares of the business services provider's stock after acquiring an additional 2,122 shares during the period. Denali Advisors LLC's holdings in Thomson Reuters were worth $5,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TRI. Cullen Frost Bankers Inc. raised its stake in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. grew its holdings in shares of Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after purchasing an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Thomson Reuters by 42.8% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after purchasing an additional 145 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 0.0%

Shares of NYSE TRI traded up $0.02 during midday trading on Friday, reaching $209.29. The company's stock had a trading volume of 1,241,712 shares, compared to its average volume of 483,250. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $218.42. The stock has a market capitalization of $94.30 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 5.67 and a beta of 0.76. The stock has a 50 day simple moving average of $197.21 and a 200-day simple moving average of $181.08.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results 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. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $1.11 earnings per share. The firm's revenue was up .8% on a year-over-year basis. Equities research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid 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 1.14%. Thomson Reuters's dividend payout ratio is presently 49.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRI. Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Bank of America assumed coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Royal Bank Of Canada raised their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $187.30.

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.