Generali Asset Management SPA SGR purchased a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,683 shares of the business services provider's stock, valued at approximately $1,393,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter worth approximately $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the fourth quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 Stock Performance
Shares of NYSE TRI traded up $0.88 during midday trading on Tuesday, hitting $172.45. 368,596 shares of the company's stock were exchanged, compared to its average volume of 360,163. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $77.68 billion, a P/E ratio of 35.27, a PEG ratio of 5.67 and a beta of 0.70. The stock's 50 day moving average price is $171.11 and its 200-day moving average price is $167.84.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors 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 yield of 1.38%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. The Goldman Sachs Group increased their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus target price of $177.56.
Check Out Our Latest Research Report on TRI
Thomson Reuters 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.
Further Reading
Before you consider Thomson Reuters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Thomson Reuters wasn't on the list.
While Thomson Reuters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
