Level Four Advisory Services LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,676 shares of the business services provider’s stock, valued at approximately $218,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Schechter Investment Advisors LLC raised its stake in shares of Thomson Reuters by 4.4% during the first quarter. Schechter Investment Advisors LLC now owns 1,859 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 79 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in Thomson Reuters by 0.3% during the first quarter. ClariVest Asset Management LLC now owns 30,160 shares of the business services provider’s stock valued at $4,033,000 after buying an additional 90 shares during the period. First Manhattan Co. increased its holdings in Thomson Reuters by 2.7% during the fourth quarter. First Manhattan Co. now owns 4,031 shares of the business services provider’s stock valued at $460,000 after buying an additional 107 shares during the period. Belpointe Asset Management LLC increased its holdings in Thomson Reuters by 134.9% during the first quarter. Belpointe Asset Management LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 112 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in Thomson Reuters by 3.1% during the first quarter. First Trust Direct Indexing L.P. now owns 3,730 shares of the business services provider’s stock valued at $485,000 after buying an additional 113 shares during the period. Institutional investors own 17.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Thomson Reuters from $138.00 to $145.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. BNP Paribas raised shares of Thomson Reuters from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $100.00 to $115.00 in a report on Wednesday, May 31st. BMO Capital Markets lifted their price target on shares of Thomson Reuters from $184.00 to $192.00 in a report on Wednesday, June 28th. National Bank Financial lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 3rd. Finally, Royal Bank of Canada lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $135.00 to $139.00 in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.62.
Thomson Reuters Trading Down 2.2 %
NYSE:TRI opened at $125.41 on Friday. Thomson Reuters Co. has a 12 month low of $97.59 and a 12 month high of $138.85. The firm has a fifty day simple moving average of $130.23 and a 200-day simple moving average of $128.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $57.10 billion, a P/E ratio of 26.98, a PEG ratio of 3.26 and a beta of 0.58.
Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Thomson Reuters had a net margin of 32.12% and a return on equity of 11.91%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.66 billion. On average, equities research analysts anticipate that Thomson Reuters Co. will post 3.34 earnings per share for the current year.
Thomson Reuters Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.36. This represents a $1.96 dividend on an annualized basis and a yield of 1.56%. Thomson Reuters’s payout ratio is currently 42.16%.
Thomson Reuters 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.
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