Hsbc Holdings PLC raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,444 shares of the business services provider's stock after purchasing an additional 22,735 shares during the quarter. Hsbc Holdings PLC's holdings in Thomson Reuters were worth $24,143,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters in the 4th quarter valued at about $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters in the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 136 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Bank of America assumed coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective on the stock. 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 research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $177.80.
Check Out Our Latest Stock Report on Thomson Reuters
Thomson Reuters Stock Performance
Shares of TRI stock opened at $181.66 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 5.67 and a beta of 0.70. The company's 50 day moving average is $174.26 and its 200 day moving average is $168.63. Thomson Reuters Co. has a 52-week low of $149.85 and a 52-week high of $184.11.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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 net margin of 30.45% and a return on equity of 14.62%. On average, sell-side analysts anticipate 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. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a yield of 1.31%. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.
Thomson Reuters Company Profile
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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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