FIL Ltd decreased its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,493,534 shares of the business services provider's stock after selling 320,354 shares during the period. FIL Ltd owned about 1.00% of Thomson Reuters worth $721,554,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters in the 4th quarter worth about $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Trading Up 3.2 %
Shares of TRI traded up $5.41 during trading hours on Friday, reaching $172.68. 791,224 shares of the company traded hands, compared to its average volume of 391,583. The stock's fifty day moving average price is $173.17 and its 200 day moving average price is $167.76. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.42.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.
Wall Street Analysts Forecast Growth
TRI has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company raised their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Scotiabank raised 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. Finally, Bank of America started coverage on Thomson Reuters in a report on Thursday. They set a "neutral" rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus target price of $177.80.
Read Our Latest Analysis on TRI
Thomson Reuters Company Profile
(
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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