Louisbourg Investments Inc. lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 36.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,960 shares of the business services provider's stock after selling 2,862 shares during the period. Louisbourg Investments Inc.'s holdings in Thomson Reuters were worth $857,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Curio Wealth LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $27,000. Investment Management Corp VA ADV acquired a new position in Thomson Reuters in the 4th quarter valued at $29,000. Noble Wealth Management PBC bought a new position in Thomson Reuters during the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on TRI. TD Securities upped their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a report on Monday. 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. Royal Bank Of Canada lifted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $187.30.
Read Our Latest Report on TRI
Thomson Reuters Price Performance
Shares of TRI stock traded down $2.11 on Friday, hitting $193.85. 616,285 shares of the company's stock were exchanged, compared to its average volume of 550,271. The company has a 50 day moving average of $189.28 and a 200 day moving average of $175.70. The stock has a market cap of $87.33 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. 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 Co. has a 12 month low of $150.01 and a 12 month high of $199.11.
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 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS 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 given a $0.595 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.23%. Thomson Reuters's dividend payout ratio is currently 49.69%.
Thomson Reuters Company Profile
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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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