Thomson Reuters (NYSE:TRI) Given New $182.00 Price Target at TD Securities

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price increased by TD Securities from $177.00 to $182.00 in a research note published on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the business services provider’s stock.

A number of other equities analysts also recently commented on TRI. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. Scotiabank raised their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Bank of America assumed coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price target on the stock. Finally, 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 report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $178.18.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $184.30 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $83.01 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters has a twelve month low of $149.85 and a twelve month high of $184.54. The business has a 50 day simple moving average of $174.61 and a 200-day simple moving average of $168.86.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.29%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Institutional Investors Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Callan Capital LLC bought a new stake in shares of Thomson Reuters in the 1st quarter worth approximately $244,000. Concurrent Investment Advisors LLC grew its position in Thomson Reuters by 52.9% in the first quarter. Concurrent Investment Advisors LLC now owns 2,207 shares of the business services provider’s stock worth $381,000 after buying an additional 764 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Thomson Reuters by 2.5% in the first quarter. Principal Financial Group Inc. now owns 20,647 shares of the business services provider’s stock valued at $3,562,000 after buying an additional 500 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Thomson Reuters during the first quarter worth $205,000. Finally, Rossby Financial LCC purchased a new stake in Thomson Reuters during the first quarter valued at about $180,000. 17.31% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters

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.