Dynamic Advisor Solutions LLC Invests $6.01 Million in Thomson Reuters Co. (NYSE:TRI)

Dynamic Advisor Solutions LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,774 shares of the business services provider's stock, valued at approximately $6,008,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters in the 4th quarter valued at $27,000. CIBC Asset Management Inc boosted its position in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Thomson Reuters in the fourth quarter valued at about $11,285,000. Truist Financial Corp increased its position in Thomson Reuters by 5.6% during the fourth quarter. Truist Financial Corp now owns 9,496 shares of the business services provider's stock worth $1,523,000 after acquiring an additional 500 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Thomson Reuters by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRI. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities increased their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Royal Bank Of Canada raised their price target 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, Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $0.08 during midday trading on Thursday, reaching $195.96. The company's stock had a trading volume of 581,480 shares, compared to its average volume of 440,613. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $88.28 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $199.11. The business has a 50-day moving average price of $188.71 and a 200-day moving average price of $175.48.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. The company 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%. The firm's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The business 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 of this dividend was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is presently 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.