MQS Management LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,768 shares of the business services provider's stock, valued at approximately $305,000.
Other large investors have also added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in Thomson Reuters in the 4th quarter worth approximately $26,000. Investment Management Corp VA ADV purchased a new position in Thomson Reuters in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 60.4% in the 4th 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Thomson Reuters by 42.8% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after acquiring an additional 145 shares during the period. 17.31% of the stock is currently owned by institutional investors.
Thomson Reuters Stock Performance
Shares of NYSE:TRI traded down $1.96 during trading on Thursday, reaching $209.27. The company had a trading volume of 1,331,348 shares, compared to its average volume of 482,828. The firm has a market capitalization of $94.29 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock's fifty day moving average price is $196.32 and its 200 day moving average price is $180.27. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $218.42.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio is presently 49.69%.
Analyst Ratings Changes
TRI has been the subject of several recent research reports. Scotiabank reiterated a "sector perform" rating and issued a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. TD Securities restated a "hold" rating on shares of Thomson Reuters in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Bank of America began coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $187.30.
Get Our Latest Stock Report on TRI
Thomson Reuters Company Profile
(
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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