SeaCrest Wealth Management LLC Purchases 393 Shares of Thomson Reuters Co. (NYSE:TRI)

SeaCrest Wealth Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,945 shares of the business services provider’s stock after buying an additional 393 shares during the period. SeaCrest Wealth Management LLC’s holdings in Thomson Reuters were worth $336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters during the 4th quarter valued at about $27,000. CIBC Asset Management Inc increased its holdings in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares during the period. Raymond James Financial Inc. bought a new position in Thomson Reuters in the fourth quarter worth approximately $11,285,000. Truist Financial Corp lifted its holdings in Thomson Reuters by 5.6% during the fourth quarter. Truist Financial Corp now owns 9,496 shares of the business services provider’s stock worth $1,523,000 after buying an additional 500 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Thomson Reuters by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider’s stock valued at $5,683,000 after acquiring an additional 313 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays boosted their price target on Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Bank of America assumed coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $183.70.

Thomson Reuters Stock Down 0.2%

TRI stock opened at $195.00 on Monday. The stock has a market capitalization of $87.84 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $199.11. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $184.37 and a 200 day moving average of $173.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s dividend payout ratio is presently 49.69%.

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.