DRW Securities LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,300 shares of the business services provider's stock, valued at approximately $1,587,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock worth $28,000 after buying an additional 80 shares during the last quarter. Asset Dedication LLC grew its stake in shares of Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after buying an additional 130 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Thomson Reuters stock traded up $0.07 during trading on Tuesday, reaching $160.79. The company had a trading volume of 580,810 shares, compared to its average volume of 354,059. Thomson Reuters Co. has a 52 week low of $138.30 and a 52 week high of $176.03. The firm's 50-day simple moving average is $166.99 and its 200 day simple moving average is $167.15. The firm has a market capitalization of $72.34 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 5.45 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Thomson Reuters's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters's payout ratio is 42.52%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on TRI. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday. Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company started coverage on Thomson Reuters in a research report on Tuesday. They issued an "equal weight" rating and a $165.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters has an average rating of "Hold" and a consensus target price of $175.20.
Check Out Our Latest Stock Report on Thomson Reuters
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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