Wealthfront Advisers LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,449 shares of the business services provider's stock, valued at approximately $874,000.
Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $27,000. Meridian Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at about $4,506,000. Atomi Financial Group Inc. increased its position in shares of Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock valued at $292,000 after acquiring an additional 252 shares during the last quarter. CIBC Asset Management Inc increased its position 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 during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in shares of Thomson Reuters by 547.4% in the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider's stock valued at $1,355,000 after acquiring an additional 6,716 shares during the last quarter. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Up 1.3 %
Shares of TRI traded up $2.16 on Friday, reaching $172.17. The company's stock had a trading volume of 344,012 shares, compared to its average volume of 457,862. 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 twelve month low of $149.50 and a twelve month high of $180.42. The stock has a market capitalization of $77.49 billion, a PE ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70. The firm has a fifty day moving average of $169.55 and a 200-day moving average of $167.78.
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 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%. Equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.38%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.
Analysts Set New Price Targets
A number of equities analysts recently commented on TRI shares. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, 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 report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of "Hold" and a consensus price target of $177.56.
View Our Latest Report on TRI
Thomson Reuters Profile
(
Free Report)
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.
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