Wealth Enhancement Advisory Services LLC Has $4.16 Million Position in Thomson Reuters Co. (NYSE:TRI)

Wealth Enhancement Advisory Services LLC grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 173.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,099 shares of the business services provider's stock after purchasing an additional 15,301 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Thomson Reuters were worth $4,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRI. Brighton Jones LLC acquired a new stake in Thomson Reuters in the fourth quarter worth about $448,000. Sanctuary Advisors LLC grew its position in shares of Thomson Reuters by 8.5% during the 4th quarter. Sanctuary Advisors LLC now owns 4,913 shares of the business services provider's stock worth $834,000 after buying an additional 383 shares during the period. Truist Financial Corp grew its position in shares of Thomson Reuters by 5.6% during the 4th quarter. Truist Financial Corp now owns 9,496 shares of the business services provider's stock worth $1,523,000 after buying an additional 500 shares during the period. K.J. Harrison & Partners Inc raised its stake in shares of Thomson Reuters by 6.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 2,400 shares of the business services provider's stock worth $387,000 after buying an additional 135 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $9,826,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Securities lifted their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Royal Bank Of Canada lifted their price objective on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Barclays upped their price objective on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Bank of America began coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of $187.30.

Thomson Reuters Trading Up 0.8%

NYSE TRI opened at $197.20 on Friday. Thomson Reuters Co. has a one year low of $150.01 and a one year 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 has a market cap of $88.83 billion, a P/E ratio of 40.33, a P/E/G ratio of 5.67 and a beta of 0.77. The stock's 50-day moving average is $191.02 and its 200-day moving average is $176.65.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its 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 the consensus estimate of $1.94 billion. During the same period last year, the company posted $1.11 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters's payout ratio is 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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