MQS Management LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,768 shares of the business services provider's stock, valued at approximately $305,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after buying an additional 4,977,006 shares during the period. Vanguard Group Inc. grew its stake in shares of Thomson Reuters by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after buying an additional 76,382 shares during the period. TD Asset Management Inc. raised its holdings in shares of Thomson Reuters by 12.2% in the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after buying an additional 516,605 shares during the period. Geode Capital Management LLC lifted its holdings in Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after buying an additional 560,450 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Thomson Reuters by 5.5% during the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock worth $189,720,000 after buying an additional 61,235 shares in the last quarter. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Price Performance
Shares of Thomson Reuters stock traded up $0.48 during trading on Friday, reaching $209.75. The company's stock had a trading volume of 584,362 shares, compared to its average volume of 481,031. The stock has a market capitalization of $94.50 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $218.42. 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 50-day moving average price of $196.77 and a two-hundred day moving average price of $180.60.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $1.11 EPS. Thomson Reuters's quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Announces Dividend
The business also recently announced 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. This represents a $2.38 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. 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 research report on Monday, June 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $187.30.
Get Our Latest Stock Report on TRI
Thomson Reuters 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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