Thomson Reuters (NYSE:TRI) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) from a sell rating to a hold rating in a research note issued to investors on Friday.

TRI has been the subject of several other research reports. Barclays decreased their price objective on shares of Thomson Reuters from $125.00 to $115.00 and set an equal weight rating for the company in a research note on Friday, July 1st. CIBC upgraded shares of Thomson Reuters from a neutral rating to a sector outperform rating in a research note on Tuesday, June 14th. Canaccord Genuity Group increased their price objective on shares of Thomson Reuters from $115.00 to $122.00 and gave the company a buy rating in a research note on Friday. Finally, Royal Bank of Canada increased their target price on shares of Thomson Reuters from $123.00 to $124.00 and gave the company an outperform rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $133.00.

Thomson Reuters Trading Down 1.3 %

TRI opened at $114.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.01 and a quick ratio of 1.01. Thomson Reuters has a fifty-two week low of $91.55 and a fifty-two week high of $123.60. The firm has a market capitalization of $55.32 billion, a PE ratio of 117.58, a P/E/G ratio of 3.47 and a beta of 0.54. The company’s 50-day moving average is $104.08 and its 200 day moving average is $103.38.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last posted its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. Thomson Reuters had a net margin of 7.31% and a return on equity of 7.37%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. As a group, research analysts predict that Thomson Reuters will post 2.45 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 18th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, August 17th. Thomson Reuters’s dividend payout ratio (DPR) is presently 183.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Charter Oak Capital Management LLC bought a new position in Thomson Reuters in the 2nd quarter valued at $35,000. Glassman Wealth Services raised its position in shares of Thomson Reuters by 64.1% during the 2nd quarter. Glassman Wealth Services now owns 343 shares of the business services provider’s stock valued at $36,000 after buying an additional 134 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of Thomson Reuters by 33.4% during the 1st quarter. Pacifica Partners Inc. now owns 599 shares of the business services provider’s stock valued at $61,000 after buying an additional 150 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in shares of Thomson Reuters during the 2nd quarter valued at $63,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $78,000. 21.17% of the stock is owned by institutional investors.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.