MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Curio Wealth LLC purchased a new position in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters in the 4th quarter worth $27,000. Investment Management Corp VA ADV purchased a new position in shares of Thomson Reuters in the 4th quarter worth $29,000. Noble Wealth Management PBC bought a new stake in shares of Thomson Reuters in the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares in the last quarter. Institutional investors own 17.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on TRI. Bank of America initiated coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price for the company. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research note on Monday. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. TD Securities raised their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $187.30.
Check Out Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Up 0.5%
Thomson Reuters stock traded up $1.03 during trading hours on Monday, reaching $196.23. The stock had a trading volume of 448,153 shares, compared to its average volume of 440,080. The business's 50 day moving average price is $186.98 and its 200-day moving average price is $174.96. 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 52 week low of $150.01 and a 52 week high of $199.11. The company has a market cap of $88.40 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 5.67 and a beta of 0.77.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results 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. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.595 per share. 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 1.21%. Thomson Reuters's dividend payout ratio is currently 49.69%.
About Thomson Reuters
(
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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