Larson Financial Group LLC lifted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,769 shares of the business services provider's stock after purchasing an additional 1,854 shares during the period. Larson Financial Group LLC's holdings in Thomson Reuters were worth $3,010,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the fourth quarter worth $33,000. Ashton Thomas Securities LLC purchased a new stake in Thomson Reuters during the third quarter worth $47,000. Finally, Nisa Investment Advisors LLC grew its holdings in Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock valued at $85,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Trading Down 0.4 %
Thomson Reuters stock traded down $0.67 during trading on Wednesday, hitting $171.02. The company's stock had a trading volume of 477,123 shares, compared to its average volume of 461,320. The stock's fifty day moving average is $168.97 and its 200 day moving average is $167.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $180.42. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 5.67 and a beta of 0.70.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced 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%. As a group, equities research analysts predict 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 given a $0.595 dividend. 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 1.39%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TRI. Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Scotiabank raised 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 note on Friday, February 7th. Finally, StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of "Hold" and an average price target of $182.09.
Check Out Our Latest Stock Report on Thomson Reuters
Thomson Reuters 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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