MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $268,000 Position in Thomson Reuters Co. (NYSE:TRI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,554 shares of the business services provider's stock after selling 1,554 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Thomson Reuters were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Curio Wealth LLC purchased a new position in Thomson Reuters during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position 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 fourth quarter valued at $29,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters during the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Down 0.0%

TRI stock traded down $0.08 during mid-day trading on Thursday, reaching $195.96. 581,480 shares of the stock traded hands, compared to its average volume of 440,613. The stock's fifty day moving average is $188.71 and its 200-day moving average is $175.48. The company has a market cap of $88.28 billion, a P/E ratio of 40.07, a P/E/G ratio of 5.67 and a beta of 0.77. 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 52-week low of $150.01 and a 52-week high of $199.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping 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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company posted $1.11 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective 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. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays raised their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Scotiabank reissued a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $187.30.

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.