Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) has received a consensus rating of “Hold” from the seventeen research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $49.20.
Several brokerages have issued reports on TRI. Edward Jones lowered Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. National Bank Financial lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 31st. ValuEngine raised Thomson Reuters from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada dropped their price objective on Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. Finally, Morgan Stanley dropped their price objective on Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth about $125,000. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Thomson Reuters by 85.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock worth $175,000 after buying an additional 1,851 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Thomson Reuters during the third quarter worth about $216,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Thomson Reuters during the third quarter worth about $245,000. Finally, San Francisco Sentry Investment Group CA grew its holdings in shares of Thomson Reuters by 742.4% during the third quarter. San Francisco Sentry Investment Group CA now owns 5,560 shares of the business services provider’s stock worth $255,000 after buying an additional 4,900 shares during the last quarter. 25.53% of the stock is currently owned by hedge funds and other institutional investors.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.95 billion. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. sell-side analysts forecast that Thomson Reuters will post 1.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is currently 70.77%.
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About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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