Deutsche Bank AG Has $47.49 Million Position in Thomson Reuters Co. (NYSE:TRI)

Key Points

• Deutsche Bank AG reduced its stake in Thomson Reuters Co. by 0.5%, owning 274,829 shares valued at $47.49 million as of the end of the most recent quarter.
• Thomson Reuters reported $0.87 EPS for the most recent quarter, surpassing analysts' expectations of $0.83, with a net margin of 30.45%.
• The company announced a quarterly dividend of $0.595 per share, with a payout ratio currently at 65.75% and a dividend yield of 1.4%.

Deutsche Bank AG cut its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,829 shares of the business services provider's stock after selling 1,499 shares during the quarter. Deutsche Bank AG owned 0.06% of Thomson Reuters worth $47,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Thomson Reuters in the 1st quarter worth approximately $626,000. Cambridge Investment Research Advisors Inc. boosted its stake in Thomson Reuters by 7.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock valued at $1,948,000 after buying an additional 776 shares in the last quarter. Callan Capital LLC bought a new stake in Thomson Reuters in the first quarter valued at $244,000. Ameriprise Financial Inc. raised its stake 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 in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Thomson Reuters by 15.7% during the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock valued at $951,477,000 after acquiring an additional 750,063 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

Shares of TRI stock opened at $174.77 on Tuesday. The firm has a market cap of $78.76 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 12 month low of $151.60 and a 12 month high of $218.42. 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 stock has a 50-day moving average price of $198.29 and a 200 day moving average price of $185.31.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm earned $0.85 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. Thomson Reuters's payout ratio is presently 65.75%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TRI shares. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. CIBC raised their price objective on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a report on Monday, July 21st. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, August 7th. Finally, Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $194.20.

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.

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