Sone Capital Management LLC acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,349 shares of the business services provider's stock, valued at approximately $3,424,000.
Several other institutional investors also recently bought and sold shares of TRI. Curio Wealth LLC purchased a new stake in Thomson Reuters during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its stake in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of Thomson Reuters by 1,306.6% in the fourth quarter. GeoWealth Management LLC now owns 858 shares of the business services provider's stock valued at $138,000 after purchasing an additional 797 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on TRI shares. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $183.70.
Read Our Latest Report on TRI
Thomson Reuters Stock Performance
Shares of NYSE:TRI traded up $0.95 on Friday, reaching $195.12. 441,280 shares of the company's stock were exchanged, compared to its average volume of 429,755. The firm has a market capitalization of $87.90 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $196.27. The business's 50-day moving average is $179.56 and its two-hundred day moving average is $171.56. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The company had revenue of $1.90 billion for 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 earnings per share. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.22%. Thomson Reuters's dividend payout ratio (DPR) is 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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