Thomson Reuters (NYSE:TRI) Hits New 52-Week High at $168.64

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI reached a new 52-week high during trading on Wednesday . The company traded as high as $168.64 and last traded at $168.23, with a volume of 46762 shares trading hands. The stock had previously closed at $166.93.

Analyst Ratings Changes

TRI has been the subject of several recent analyst reports. Scotiabank raised their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a "sector perform" rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. TD Securities lifted their price target on Thomson Reuters from $210.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, March 13th. Canaccord Genuity Group boosted their price target on Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a report on Friday, May 3rd. Finally, Barclays upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $164.31.

Thomson Reuters Stock Up 0.1 %

The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 4.52 and a beta of 0.65. The firm has a 50 day moving average price of $155.73 and a 200-day moving average price of $147.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Thomson Reuters's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters's payout ratio is currently 41.14%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TRI. International Assets Investment Management LLC bought a new position in shares of Thomson Reuters during the 4th quarter worth about $11,438,000. Checchi Capital Advisers LLC lifted its stake in Thomson Reuters by 3.4% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider's stock valued at $741,000 after acquiring an additional 201 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $2,954,000. Sapient Capital LLC bought a new stake in Thomson Reuters during the fourth quarter worth $13,461,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Thomson Reuters by 0.9% during the fourth quarter. Larson Financial Group LLC now owns 16,298 shares of the business services provider's stock worth $2,383,000 after acquiring an additional 146 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

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.