Raymond James Financial Inc. Makes New Investment in Thomson Reuters Co. (NYSE:TRI)

Raymond James Financial Inc. purchased a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,366 shares of the business services provider's stock, valued at approximately $11,285,000.

A number of other large investors have also recently bought and sold shares of TRI. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $33,000. Steward Partners Investment Advisory LLC lifted its position in Thomson Reuters by 51.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 880 shares of the business services provider's stock worth $141,000 after buying an additional 298 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Thomson Reuters by 25.9% during the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider's stock worth $142,000 after acquiring an additional 171 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRI. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective 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. Scotiabank lifted their target price on 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 boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of $177.56.

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Thomson Reuters Trading Up 0.9 %

Shares of TRI stock traded up $1.56 on Monday, reaching $171.57. The company had a trading volume of 353,877 shares, compared to its average volume of 360,451. The stock has a market cap of $77.28 billion, a PE ratio of 35.09, a PEG ratio of 5.67 and a beta of 0.70. The company has a 50-day moving average of $170.78 and a 200-day moving average of $167.81. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. 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 issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. On average, equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.39%. Thomson Reuters's payout ratio is currently 48.67%.

About Thomson Reuters

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.