Vise Technologies Inc. grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,191 shares of the business services provider's stock after buying an additional 1,317 shares during the quarter. Vise Technologies Inc.'s holdings in Thomson Reuters were worth $1,153,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Curio Wealth LLC acquired a new stake in Thomson Reuters in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after purchasing an additional 136 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in Thomson Reuters by 1,306.6% during the 4th quarter. GeoWealth Management LLC now owns 858 shares of the business services provider's stock worth $138,000 after purchasing an additional 797 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. TD Securities boosted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Royal Bank of Canada boosted 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. CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $183.70.
Get Our Latest Stock Report on Thomson Reuters
Thomson Reuters Stock Down 0.2%
TRI traded down $0.30 during trading on Tuesday, reaching $194.82. The company had a trading volume of 634,027 shares, compared to its average volume of 430,404. The company has a market cap of $87.76 billion, a P/E ratio of 39.84, a PEG ratio of 5.67 and a beta of 0.75. 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 12 month low of $150.01 and a 12 month high of $198.83. The business's fifty day moving average price is $180.04 and its 200 day moving average price is $171.81.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm posted $1.11 EPS. The company's revenue for the quarter was up .8% on a year-over-year basis. Equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Announces Dividend
The firm also recently declared 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. 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 dividend payout ratio 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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