Thomson Reuters Co. (NYSE:TRI) Stock Position Trimmed by Korea Investment CORP

Korea Investment CORP lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,439 shares of the business services provider's stock after selling 8,581 shares during the period. Korea Investment CORP's holdings in Thomson Reuters were worth $17,885,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC bought a new stake in Thomson Reuters during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters in the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the period. Institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent analyst reports. Scotiabank boosted 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. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. CIBC upped their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, The Goldman Sachs Group upped their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $177.56.

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Thomson Reuters Price Performance

TRI traded up $0.70 during midday trading on Wednesday, reaching $174.77. 210,574 shares of the company's stock were exchanged, compared to its average volume of 374,012. 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 business's 50-day moving average price is $172.79 and its 200 day moving average price is $167.91. The stock has a market capitalization of $78.66 billion, a PE ratio of 35.74, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $180.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters's payout ratio is presently 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.