Thomson Reuters (NYSE:TRI) Reaches New 1-Year High - Here's Why

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI reached 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 trading hands. The stock had previously closed at $199.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Bank of America started coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" 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 note on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Trading Down 0.6%

The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $94.63 billion, a P/E ratio of 42.96, a P/E/G ratio of 5.67 and a beta of 0.76. The firm's 50 day simple moving average is $196.32 and its two-hundred day simple moving average is $180.27.

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 for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business 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 was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its holdings in shares of Thomson Reuters by 772.2% during the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares during the last quarter. Investment Management Corp VA ADV acquired a new position in shares of Thomson Reuters during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. grew its holdings in shares of Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Company 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.