Thomson Reuters (NYSE:TRI) Sees Large Volume Increase - Still a Buy?

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI shares saw unusually-strong trading volume on Tuesday . Approximately 1,277,894 shares traded hands during 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. TD Securities restated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. Barclays lifted their target price on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Finally, Scotiabank restated a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $187.30.

Thomson Reuters Stock Performance

The company's 50-day moving average is $195.38 and its two-hundred day moving average is $179.85. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $94.79 billion, a P/E ratio of 43.02, a PEG ratio of 5.67 and a beta of 0.76.

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

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.595 dividend. 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 dividend payout ratio is presently 49.69%.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds and other institutional investors have recently modified their holdings of the stock. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $26,000. Cullen Frost Bankers Inc. boosted its holdings in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares during the last quarter. Investment Management Corp VA ADV purchased a new position in shares of Thomson Reuters during the 4th quarter worth $29,000. SBI Securities Co. Ltd. boosted its stake in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after acquiring an additional 69 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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.

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