XTX Topco Ltd trimmed its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 80.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,312 shares of the business services provider's stock after selling 5,468 shares during the quarter. XTX Topco Ltd's holdings in Thomson Reuters were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC bought a new position in Thomson Reuters during the 4th quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters in the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC boosted 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 acquiring an additional 136 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TRI has been the topic of a number of analyst reports. CIBC increased their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a report on Friday, February 7th. Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. TD Securities lifted their target price on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $178.18.
Read Our Latest Stock Analysis on TRI
Thomson Reuters Stock Up 0.2 %
Shares of Thomson Reuters stock traded up $0.41 during midday trading on Thursday, hitting $186.39. The company's stock had a trading volume of 878,488 shares, compared to its average volume of 417,906. Thomson Reuters Co. has a 1-year low of $149.85 and a 1-year high of $189.56. 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 firm has a market capitalization of $83.95 billion, a P/E ratio of 38.13, a PEG ratio of 5.67 and a beta of 0.70. The stock has a 50-day simple moving average of $174.80 and a 200-day simple moving average of $168.97.
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, topping 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%. During the same period in the prior year, the firm earned $1.11 EPS. Thomson Reuters's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.
About Thomson Reuters
(
Free Report)
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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