Toronto Dominion Bank Acquires 98,001 Shares of Thomson Reuters Co. (NYSE:TRI)

Toronto Dominion Bank lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 612,251 shares of the business services provider's stock after buying an additional 98,001 shares during the period. Toronto Dominion Bank owned approximately 0.14% of Thomson Reuters worth $98,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the 4th quarter worth about $26,000. Curio Wealth LLC purchased a new position in shares of Thomson Reuters in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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. Institutional investors own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRI. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Scotiabank restated a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. 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 objective for the company. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, TD Securities increased their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Stock Up 0.2%

Shares of TRI traded up $0.47 during mid-day trading on Friday, hitting $194.64. 162,744 shares of the company's stock were exchanged, compared to its average volume of 428,297. 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 $196.27. The company has a 50-day simple moving average of $179.11 and a 200 day simple moving average of $171.40. The company has a market cap of $87.68 billion, a PE ratio of 39.73, a P/E/G ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The business's revenue was up .8% compared to the same quarter last year. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal 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 paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's payout ratio is presently 49.69%.

Thomson Reuters Company Profile

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.