Thomson Reuters Co. (NYSE:TRI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $177.56.

Several analysts have weighed in on TRI shares. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. CIBC boosted their target price on shares of Thomson Reuters from $165.00 to $174.00 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. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Hedge Funds Weigh In On Thomson Reuters

Several large investors have recently made changes to their positions in the company. Strategic Investment Advisors MI lifted its stake in shares of Thomson Reuters by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 62 shares during the period. NewSquare Capital LLC lifted 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 valued at $695,000 after purchasing an additional 62 shares during the period. Pacer Advisors Inc. lifted its stake 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 valued at $192,000 after purchasing an additional 64 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 1.6% in the 3rd 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 period. Finally, Addison Advisors LLC lifted its stake in shares of Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 68 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 1.3 %

Shares of Thomson Reuters stock opened at $172.17 on Monday. The firm’s 50 day moving average price is $169.55 and its 200-day moving average price is $167.76. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a market cap of $77.49 billion, a P/E ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) 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 14.62%. On average, sell-side analysts predict that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.38%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

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.