Quilter Plc Has $997,000 Position in Thomson Reuters Co. (NYSE:TRI)

Quilter Plc grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 34.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,776 shares of the business services provider's stock after purchasing an additional 1,480 shares during the period. Quilter Plc's holdings in Thomson Reuters were worth $997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Curio Wealth LLC bought a new position in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters during the fourth quarter worth about $27,000. Investment Management Corp VA ADV bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $29,000. Noble Wealth Management PBC bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC grew its position 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 valued at $58,000 after purchasing an additional 136 shares during the period. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Royal Bank Of Canada lifted their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. Finally, Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Stock Performance

Shares of NYSE TRI opened at $197.20 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50 day moving average price of $191.02 and a 200 day moving average price of $176.65. The stock has a market capitalization of $88.83 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. 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 released its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The business 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 firm's revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. Analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently declared 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 1.21%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's payout ratio is currently 49.69%.

About Thomson Reuters

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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