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 Wednesday morning.

Several other equities research analysts also recently issued reports on the company. CIBC boosted their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Scotiabank raised their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus price target of $176.10.

Thomson Reuters Stock Down 2.8 %

NYSE TRI opened at $155.12 on Wednesday. The business has a fifty day moving average price of $164.14 and a 200 day moving average price of $165.78. The company has a market cap of $69.79 billion, a P/E ratio of 30.54, a P/E/G ratio of 5.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters has a one year low of $142.80 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Thomson Reuters will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.39%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is 42.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Asset Dedication LLC boosted its stake in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the period. Clean Yield Group acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters during the third quarter valued at $47,000. Exchange Traded Concepts LLC lifted its stake in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 167 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter worth $73,000. 17.31% of the stock is owned by institutional investors and hedge funds.

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.