Thomson Reuters (NYSE:TRI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI had its price objective upped by JPMorgan Chase & Co. from $175.00 to $177.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the business services provider's stock.

A number of other equities analysts have also recently weighed in on TRI. Scotiabank increased 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 report on Friday. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. CIBC increased their target price on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $182.09.

Thomson Reuters Trading Down 0.2 %

Shares of NYSE:TRI traded down $0.40 during mid-day trading on Friday, reaching $178.54. 220,655 shares of the company were exchanged, compared to its average volume of 353,801. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $80.34 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 5.59 and a beta of 0.73. The firm's 50-day simple moving average is $164.55 and its 200 day simple moving average is $165.62. Thomson Reuters has a 1 year low of $149.50 and a 1 year high of $179.45.

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 analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. Equities research analysts forecast that Thomson Reuters will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 44.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI boosted its holdings in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after acquiring an additional 516,715 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock valued at $439,665,000 after acquiring an additional 255,387 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Thomson Reuters by 909.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after acquiring an additional 189,199 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock valued at $74,698,000 after acquiring an additional 174,546 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

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.