Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 778,000 shares, a decrease of 16.9% from the March 31st total of 936,300 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 444,500 shares, the short-interest ratio is presently 1.8 days.
Several large investors have recently bought and sold shares of TRI. Commonwealth Equity Services LLC boosted its position in shares of Thomson Reuters by 4.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,287 shares of the business services provider’s stock worth $915,000 after purchasing an additional 331 shares during the last quarter. Advisory Services Network LLC raised its stake in Thomson Reuters by 570.2% during the 3rd quarter. Advisory Services Network LLC now owns 4,698 shares of the business services provider’s stock worth $520,000 after buying an additional 3,997 shares during the period. Summit Global Investments acquired a new stake in Thomson Reuters during the 3rd quarter worth $1,898,000. Candriam Luxembourg S.C.A. raised its stake in Thomson Reuters by 66.7% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 123,735 shares of the business services provider’s stock worth $13,678,000 after buying an additional 49,530 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Thomson Reuters by 1,198.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,234 shares of the business services provider’s stock worth $241,000 after buying an additional 1,139 shares during the period. Institutional investors and hedge funds own 21.17% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Canaccord Genuity Group upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Wednesday, February 9th. Bank of America assumed coverage on Thomson Reuters in a research report on Friday, March 11th. They set a “buy” rating on the stock. Royal Bank of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from $124.00 to $120.00 in a research report on Wednesday, February 9th. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.30.
Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last posted its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Thomson Reuters had a return on equity of 6.57% and a net margin of 89.62%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $0.58 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters will post 2.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Thursday, February 24th were given a $0.445 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.33. This represents a $1.78 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, February 23rd. Thomson Reuters’s dividend payout ratio (DPR) is currently 15.57%.
About Thomson Reuters (Get Rating)
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.
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