Royal Bank of Canada Raises Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Royal Bank of Canada grew its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,604,745 shares of the business services provider's stock after buying an additional 2,629 shares during the quarter. Royal Bank of Canada owned 2.58% of Thomson Reuters worth $1,861,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new stake in Thomson Reuters during the fourth quarter valued at about $26,000. Curio Wealth LLC bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Trading Up 1.4%

Thomson Reuters stock traded up $2.75 during trading hours on Monday, reaching $193.98. The company had a trading volume of 342,850 shares, compared to its average volume of 425,570. 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 company has a 50-day moving average price of $177.26 and a 200 day moving average price of $170.65. The firm has a market cap of $87.37 billion, a price-to-earnings ratio of 39.67, a P/E/G 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 $194.13.

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 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business 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 earned $1.11 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. Equities 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. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.23%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRI. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. TD Securities boosted their price objective 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. Barclays boosted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Profile

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.