LPL Financial LLC lowered its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,672 shares of the business services provider's stock after selling 2,040 shares during the period. LPL Financial LLC's holdings in Thomson Reuters were worth $4,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in TRI. Guardian Partners Inc. purchased a new position in shares of Thomson Reuters during the 4th quarter worth $3,338,000. Hillsdale Investment Management Inc. increased its position in shares of Thomson Reuters by 153.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 126,175 shares of the business services provider's stock valued at $20,238,000 after acquiring an additional 76,395 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of Thomson Reuters by 2.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 24,563 shares of the business services provider's stock valued at $3,937,000 after acquiring an additional 508 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Thomson Reuters during the 4th quarter worth approximately $1,393,000. Finally, PDS Planning Inc increased its holdings in Thomson Reuters by 4.7% in the 4th quarter. PDS Planning Inc now owns 2,342 shares of the business services provider's stock valued at $376,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Thomson Reuters stock traded up $1.04 during mid-day trading on Tuesday, reaching $177.40. 78,452 shares of the company were exchanged, compared to its average volume of 474,287. The firm's 50-day simple moving average is $173.32 and its two-hundred day simple moving average is $167.80. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The firm has a market cap of $79.84 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. 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 (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, 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%. Equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.34%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group upped their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $177.80.
Read Our Latest Stock Analysis on Thomson Reuters
About Thomson Reuters
(
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.
Featured Articles
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
