Thomson Reuters Co. (NYSE:TRI) Given Consensus Rating of "Hold" by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have received a consensus rating of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $177.80.

Several research analysts recently commented on TRI shares. The Goldman Sachs Group increased their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Scotiabank raised their price target 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. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th.

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Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters in the 4th quarter valued at about $26,000. Curio Wealth LLC purchased a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $27,000. Investment Management Corp VA ADV purchased a new position in Thomson Reuters in the fourth quarter worth approximately $29,000. Finally, Noble Wealth Management PBC acquired a new position in Thomson Reuters during the 4th quarter worth approximately $33,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of TRI stock traded down $0.69 during mid-day trading on Monday, hitting $170.33. 306,278 shares of the stock were exchanged, compared to its average volume of 457,833. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $76.66 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The firm has a fifty day moving average of $169.18 and a 200 day moving average of $167.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data 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 return on equity of 14.62% and a net margin of 30.45%. Research analysts anticipate that Thomson Reuters 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 dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio is currently 48.67%.

Thomson Reuters Company Profile

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.