Assetmark Inc. boosted its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,587 shares of the business services provider's stock after purchasing an additional 1,819 shares during the quarter. Assetmark Inc.'s holdings in Thomson Reuters were worth $12,283,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the 4th quarter worth approximately $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at approximately $47,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock valued at $85,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TRI. Scotiabank upped their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $182.09.
View Our Latest Report on TRI
Thomson Reuters Price Performance
Shares of Thomson Reuters stock traded down $3.92 on Monday, hitting $173.74. The company's stock had a trading volume of 514,981 shares, compared to its average volume of 458,788. 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 fifty day moving average price of $168.49 and a 200-day moving average price of $167.63. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a market capitalization of $78.19 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters's payout ratio is 48.67%.
Thomson Reuters Profile
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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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