Shell Asset Management Co. Raises Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Shell Asset Management Co. grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,866 shares of the business services provider's stock after buying an additional 4,801 shares during the quarter. Shell Asset Management Co.'s holdings in Thomson Reuters were worth $5,114,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TRI. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the fourth quarter worth $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Thomson Reuters by 60.4% during the fourth 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. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities lifted their price objective on 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 raised their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Barclays raised their price target on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $183.70.

Thomson Reuters Trading Up 1.4%

TRI stock traded up $2.75 during trading on Monday, reaching $193.98. 342,850 shares of the stock traded hands, compared to its average volume of 425,570. The business's 50 day moving average price is $177.26 and its 200-day moving average price is $170.65. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $194.13. 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 capitalization of $87.37 billion, a PE ratio of 39.67, a P/E/G ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is presently 49.69%.

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.