Truist Financial Corp Acquires 330 Shares of Thomson Reuters Co. (NYSE:TRI)

Truist Financial Corp increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,666 shares of the business services provider’s stock after buying an additional 330 shares during the period. Truist Financial Corp’s holdings in Thomson Reuters were worth $3,168,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRI. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $27,000. Pacifica Partners Inc. lifted its position in Thomson Reuters by 162.0% during the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 149 shares during the last quarter. Operose Advisors LLC acquired a new stake in Thomson Reuters in the third quarter valued at approximately $37,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Thomson Reuters during the fourth quarter worth $37,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $38,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TRI shares. Canaccord Genuity Group raised their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Barclays upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, TD Securities raised their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $164.31.

Thomson Reuters Trading Down 0.1 %

NYSE TRI opened at $166.97 on Wednesday. The company has a fifty day moving average of $155.73 and a 200 day moving average of $147.30. The company has a market capitalization of $75.35 billion, a PE ratio of 31.80, a P/E/G ratio of 4.52 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $168.28.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts forecast that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio is currently 41.14%.

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.