Thomson Reuters (NYSE:TRI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a sell rating to a hold rating in a research report report published on Thursday.

Several other equities analysts also recently commented on TRI. The Goldman Sachs Group upped their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” 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 company a “hold” rating in a research report on Friday, February 7th. Scotiabank raised their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Finally, CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Trading Down 5.6 %

TRI stock opened at $165.98 on Thursday. Thomson Reuters has a one year low of $149.50 and a one year high of $180.42. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a fifty day moving average price of $173.30 and a two-hundred day moving average price of $167.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 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 anticipate that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company 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 dividend on an annualized basis and a yield of 1.43%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio is presently 48.67%.

Institutional Trading of Thomson Reuters

Institutional investors and hedge funds have recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the fourth quarter valued at approximately $26,000. Curio Wealth LLC bought a new position in shares of Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters during the 4th quarter worth $27,000. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters during the 4th quarter worth $29,000. Finally, Noble Wealth Management PBC acquired a new stake in Thomson Reuters in the fourth quarter valued at about $33,000. Institutional investors own 17.31% of the company’s stock.

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.