FMR LLC cut its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,166,904 shares of the business services provider's stock after selling 1,042,298 shares during the quarter. FMR LLC owned approximately 1.37% of Thomson Reuters worth $990,242,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the 4th quarter worth $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters in the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in Thomson Reuters by 60.4% during the 4th 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 last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.
Thomson Reuters Price Performance
NYSE TRI traded up $5.41 during mid-day trading on Friday, hitting $172.68. The stock had a trading volume of 791,224 shares, compared to its average volume of 391,583. The company has a 50 day simple moving average of $173.17 and a 200 day simple moving average of $167.76. The company has a market cap of $77.72 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
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 for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. Thomson Reuters's dividend payout ratio is currently 48.67%.
Analyst Ratings Changes
A number of research firms have recently issued reports on TRI. Wells Fargo & Company boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Scotiabank raised their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $177.80.
Check Out Our Latest Stock Analysis on Thomson Reuters
About Thomson Reuters
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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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