Thomson Reuters Co. (NYSE:TRI) Receives $182.09 Average Price Target from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $182.09.

A number of brokerages have issued reports on TRI. The Goldman Sachs Group boosted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. CIBC raised their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th.

Institutional Trading of Thomson Reuters

A number of hedge funds have recently bought and sold shares of TRI. Aigen Investment Management LP lifted its holdings in shares of Thomson Reuters by 87.4% in the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after acquiring an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in Thomson Reuters in the 3rd quarter worth $4,506,000. Atomi Financial Group Inc. lifted its stake in Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after purchasing an additional 252 shares during the last quarter. Qsemble Capital Management LP bought a new stake in Thomson Reuters in the third quarter worth $2,127,000. Finally, Icon Wealth Advisors LLC boosted its position in Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $1,355,000 after buying an additional 6,716 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.6 %

Shares of NYSE TRI opened at $172.56 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $77.65 billion, a PE ratio of 35.29, a P/E/G ratio of 5.57 and a beta of 0.73. Thomson Reuters has a one year low of $149.50 and a one year high of $179.45. The business’s fifty day moving average price is $165.48 and its 200-day moving average price is $166.31.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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, equities research 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 will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. Thomson Reuters’s dividend payout ratio is 44.17%.

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.