StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) from a sell rating to a hold rating in a research note published on Saturday.
A number of other research analysts have also recently issued reports on the company. Exane BNP Paribas cut Thomson Reuters from a neutral rating to an underperform rating in a research note on Thursday, December 1st. BNP Paribas cut Thomson Reuters from a neutral rating to an underperform rating in a research note on Thursday, December 1st. Barclays boosted their target price on Thomson Reuters from $115.00 to $125.00 and gave the company an equal weight rating in a research note on Friday, December 2nd. Canaccord Genuity Group boosted their target price on Thomson Reuters from $118.00 to $124.00 and gave the company a buy rating in a research note on Friday, February 10th. Finally, BMO Capital Markets upped their price objective on Thomson Reuters from $161.00 to $182.00 and gave the stock an outperform rating in a research report on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $138.00.
Thomson Reuters Trading Up 0.4 %
NYSE TRI traded up $0.49 on Friday, reaching $124.33. The company had a trading volume of 643,284 shares, compared to its average volume of 401,192. The stock’s 50 day moving average is $120.09 and its 200-day moving average is $113.34. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 3.14 and a beta of 0.58. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 52 week low of $91.55 and a 52 week high of $125.32.
Thomson Reuters Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Thursday, February 23rd were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, February 22nd. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.32. This represents a $1.96 annualized dividend and a yield of 1.58%. Thomson Reuters’s dividend payout ratio is 68.06%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TRI. Bishop Rock Capital L.P. boosted its position in Thomson Reuters by 9,749.8% during the second quarter. Bishop Rock Capital L.P. now owns 2,634,429 shares of the business services provider’s stock valued at $25,280,000 after purchasing an additional 2,607,683 shares during the last quarter. Bank of Montreal Can raised its stake in Thomson Reuters by 45.0% in the third quarter. Bank of Montreal Can now owns 7,593,951 shares of the business services provider’s stock valued at $785,341,000 after buying an additional 2,357,199 shares during the period. Norges Bank bought a new stake in Thomson Reuters in the fourth quarter valued at approximately $207,419,000. WCM Investment Management LLC bought a new stake in Thomson Reuters in the fourth quarter valued at approximately $202,744,000. Finally, National Bank of Canada FI raised its stake in Thomson Reuters by 161.7% in the fourth quarter. National Bank of Canada FI now owns 1,541,523 shares of the business services provider’s stock valued at $175,738,000 after buying an additional 952,541 shares during the period. 20.84% of the stock is owned by institutional investors and hedge funds.
Thomson Reuters Company Profile
Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.
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