Barclays PLC raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 49.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,233 shares of the business services provider's stock after acquiring an additional 17,717 shares during the quarter. Barclays PLC's holdings in Thomson Reuters were worth $8,536,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. purchased a new position in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC purchased a new position in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters in the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Thomson Reuters by 60.4% in 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 in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Trading Down 0.2 %
Thomson Reuters stock traded down $0.37 during midday trading on Friday, reaching $181.66. The stock had a trading volume of 633,364 shares, compared to its average volume of 412,440. The stock has a market capitalization of $81.82 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a twelve month low of $149.85 and a twelve month high of $184.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock's 50-day simple moving average is $174.26 and its 200 day simple moving average is $168.63.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 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%. Analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.31%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters's dividend payout ratio is 48.67%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. The Goldman Sachs Group lifted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Bank of America began coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $177.80.
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Thomson Reuters 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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