Prudential PLC decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,043 shares of the business services provider's stock after selling 1,616 shares during the quarter. Prudential PLC's holdings in Thomson Reuters were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters in the fourth quarter worth $26,000. Curio Wealth LLC bought a new position in shares of Thomson Reuters during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters in the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the period. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Shares of NYSE TRI traded up $5.41 during midday trading on Friday, reaching $172.68. The company's stock had a trading volume of 791,224 shares, compared to its average volume of 391,583. The stock has a market capitalization of $77.72 billion, a P/E ratio of 35.31, a PEG ratio of 5.67 and a beta of 0.70. 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 50 day moving average price of $173.17 and a 200-day moving average price of $167.76. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.42.
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 return on equity of 14.62% and a net margin of 30.45%. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.38%. Thomson Reuters's payout ratio is currently 48.67%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TRI. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Scotiabank boosted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company raised their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Bank of America assumed coverage on shares of Thomson Reuters in a research report on Thursday. They issued a "neutral" rating and a $180.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $177.80.
Check Out Our Latest Research Report on TRI
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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