Prime Capital Investment Advisors LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,203 shares of the business services provider's stock, valued at approximately $2,954,000.
Several other hedge funds have also recently modified their holdings of TRI. Belpointe Asset Management LLC lifted its position in shares of Thomson Reuters by 134.9% during the 1st quarter. Belpointe Asset Management LLC now owns 195 shares of the business services provider's stock worth $25,000 after buying an additional 112 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $28,000. Pacifica Partners Inc. raised its holdings in shares of Thomson Reuters by 162.0% in the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider's stock worth $34,000 after purchasing an additional 149 shares during the period. Finally, Operose Advisors LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $37,000. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Price Performance
Shares of TRI traded up $2.08 during mid-day trading on Monday, reaching $154.02. 215,879 shares of the stock traded hands, compared to its average volume of 306,652. The firm has a fifty day moving average price of $155.69 and a 200 day moving average price of $142.78. The company has a market cap of $69.53 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.96 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $161.57.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.58 earnings per share for the current year.
Thomson Reuters Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were given a $0.54 dividend. The ex-dividend date was Tuesday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.40%. Thomson Reuters's payout ratio is 36.99%.
Analyst Ratings Changes
TRI has been the topic of a number of research reports. Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $150.00 to $180.00 in a report on Thursday, March 14th. CIBC boosted their target price on shares of Thomson Reuters from $146.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. TD Securities boosted their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, March 13th. National Bank Financial cut shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $153.00 target price on shares of Thomson Reuters in a report on Wednesday, March 13th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $157.42.
Get Our Latest Stock Analysis on TRI
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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