Versant Capital Management Inc increased its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1,517.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,828 shares of the business services provider's stock after buying an additional 1,715 shares during the quarter. Versant Capital Management Inc's holdings in Thomson Reuters were worth $315,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its stake in shares of Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Thomson Reuters by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,798 shares of the business services provider's stock valued at $1,411,000 after purchasing an additional 1,436 shares in the last quarter. Brucke Financial Inc. acquired a new stake in Thomson Reuters during the 4th quarter valued at approximately $201,000. Landaas & Co. WI ADV acquired a new stake in Thomson Reuters during the 4th quarter valued at approximately $228,000. Finally, Mackenzie Financial Corp grew its stake in Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after purchasing an additional 4,977,006 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Shares of NYSE TRI traded up $0.97 during mid-day trading on Wednesday, hitting $195.76. The company had a trading volume of 557,348 shares, compared to its average volume of 432,059. The stock has a market cap of $88.19 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $199.11. 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 firm's 50 day simple moving average is $183.50 and its two-hundred day simple moving average is $173.16.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Dividend Announcement
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 is Thursday, May 15th. Thomson Reuters's payout ratio is currently 49.69%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on TRI shares. The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Scotiabank restated a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Bank of America initiated coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Finally, CIBC increased their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Thomson Reuters presently has an average rating of "Hold" and a consensus target price of $183.70.
Read Our Latest Stock Analysis 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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