Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by research analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research note issued to investors on Monday, April 17th.
TRI has been the subject of several other research reports. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Royal Bank of Canada set a $44.00 price target on shares of Thomson Reuters Corp and gave the company a “hold” rating in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.78.
Thomson Reuters Corp (NYSE:TRI) traded up 0.32% during trading on Monday, hitting $43.26. The stock had a trading volume of 738,927 shares. The stock’s 50-day moving average price is $43.53 and its 200-day moving average price is $43.60. The company has a market capitalization of $31.23 billion, a P/E ratio of 10.23 and a beta of 0.84. Thomson Reuters Corp has a 1-year low of $38.23 and a 1-year high of $46.00.
Thomson Reuters Corp (NYSE:TRI) last announced its quarterly earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. Thomson Reuters Corp had a net margin of 27.88% and a return on equity of 12.75%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that Thomson Reuters Corp will post $2.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 18th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.38 dividend on an annualized basis and a yield of 3.19%. Thomson Reuters Corp’s dividend payout ratio is currently 32.54%.
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A number of institutional investors have recently modified their holdings of TRI. Cadence Capital Management LLC boosted its position in shares of Thomson Reuters Corp by 0.4% in the fourth quarter. Cadence Capital Management LLC now owns 38,147 shares of the business services provider’s stock worth $1,670,000 after buying an additional 150 shares in the last quarter. Community Financial Services Group LLC boosted its position in shares of Thomson Reuters Corp by 0.5% in the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after buying an additional 220 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Thomson Reuters Corp by 2.5% in the third quarter. Checchi Capital Advisers LLC now owns 9,215 shares of the business services provider’s stock worth $381,000 after buying an additional 221 shares in the last quarter. US Bancorp DE boosted its position in shares of Thomson Reuters Corp by 2.7% in the third quarter. US Bancorp DE now owns 10,089 shares of the business services provider’s stock worth $418,000 after buying an additional 264 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Thomson Reuters Corp by 5.1% in the first quarter. Creative Planning now owns 5,743 shares of the business services provider’s stock worth $248,000 after buying an additional 279 shares in the last quarter. 28.64% of the stock is currently owned by hedge funds and other institutional investors.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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