Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI saw unusually-high trading volume on Tuesday . Approximately 1,277,894 shares traded hands during mid-day trading, an increase of 174% from the previous session's volume of 465,794 shares.The stock last traded at $210.83 and had previously closed at $214.21.
Analyst Upgrades and Downgrades
TRI has been the topic of several recent analyst reports. TD Securities reaffirmed a "hold" rating on shares of Thomson Reuters in a research note on Tuesday. Royal Bank Of Canada raised 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. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target on the stock. Barclays raised their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $187.30.
Read Our Latest Stock Report on TRI
Thomson Reuters Stock Up 0.4%
The business's fifty day moving average price is $196.77 and its two-hundred day moving average price is $180.60. The firm has a market capitalization of $94.63 billion, a P/E ratio of 42.95, a PEG ratio of 5.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its 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. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. Equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.
Institutional Trading of Thomson Reuters
Several institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in shares of Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after purchasing an additional 4,977,006 shares in the last quarter. Norges Bank purchased a new position in shares of Thomson Reuters during the 4th quarter valued at approximately $148,221,000. TD Asset Management Inc increased its holdings in shares of Thomson Reuters by 15.7% during the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock valued at $951,477,000 after purchasing an additional 750,063 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Thomson Reuters by 365.6% during the 1st quarter. Millennium Management LLC now owns 894,074 shares of the business services provider's stock valued at $154,475,000 after purchasing an additional 702,036 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after purchasing an additional 560,450 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.
About Thomson Reuters
(
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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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