Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $214.99 and last traded at $213.83, with a volume of 1380559 shares changing hands. The stock had previously closed at $199.17.
Wall Street Analyst Weigh In
TRI has been the subject of several recent analyst reports. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada lifted 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. Wells Fargo & Company boosted their target price on Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Finally, National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $187.30.
Get Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Performance
The firm has a fifty day simple moving average of $194.81 and a 200-day simple moving average of $179.48. 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 stock has a market cap of $96.51 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 5.67 and a beta of 0.76.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion for 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 revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.
Institutional Trading of Thomson Reuters
A number of institutional investors and hedge funds have recently bought and sold shares of TRI. Mackenzie Financial Corp lifted its stake in Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after purchasing an additional 4,977,006 shares during the last quarter. TD Asset Management Inc raised its stake in Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock worth $951,477,000 after buying an additional 750,063 shares in the last quarter. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider's stock worth $945,069,000 after buying an additional 94,758 shares in the last quarter. TD Asset Management Inc. raised its stake in Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after buying an additional 516,605 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Thomson Reuters by 1.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,537,660 shares of the business services provider's stock worth $437,985,000 after buying an additional 44,898 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.
Thomson Reuters Company Profile
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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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