Thomson Reuters (NYSE:TRI) Sets New 12-Month High - What's Next?

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI shares hit a new 52-week high during trading on Monday . The company traded as high as $180.33 and last traded at $180.32, with a volume of 7876 shares trading hands. The stock had previously closed at $178.82.

Analyst Ratings Changes

TRI has been the topic of a number of recent analyst reports. Scotiabank upped their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their target price 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. Wells Fargo & Company lifted their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 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 four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $182.09.

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Thomson Reuters Stock Performance

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 firm has a market capitalization of $78.80 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 5.67 and a beta of 0.73. The company has a 50-day moving average price of $167.93 and a 200-day moving average price of $167.44.

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

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.36%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters's dividend payout ratio is 48.67%.

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds have recently modified their holdings of the company. Strategic Investment Advisors MI boosted its stake in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after buying an additional 62 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after purchasing an additional 62 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock valued at $722,000 after purchasing an additional 66 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after buying an additional 68 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.