JPL Wealth Management LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,442 shares of the business services provider's stock, valued at approximately $4,722,000. Thomson Reuters comprises 1.4% of JPL Wealth Management LLC's investment portfolio, making the stock its 18th largest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $33,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters in the third quarter worth $47,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Stock Up 1.0 %
NYSE TRI traded up $1.75 during trading hours on Monday, reaching $173.92. 348,658 shares of the company traded hands, compared to its average volume of 357,023. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. 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 stock has a market capitalization of $78.27 billion, a PE ratio of 35.57, a PEG ratio of 5.67 and a beta of 0.70. The company has a 50 day moving average of $169.55 and a two-hundred day moving average of $167.76.
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 EPS 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%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current 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. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.
Wall Street Analyst Weigh In
TRI has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Scotiabank increased their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Finally, CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Eight 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, the company currently has a consensus rating of "Hold" and a consensus price target of $177.56.
Get Our Latest 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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