Norden Group LLC Takes Position in Thomson Reuters Co. (NYSE:TRI)

Norden Group LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,344 shares of the business services provider’s stock, valued at approximately $3,013,000.

Other large investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at approximately $27,000. Pacifica Partners Inc. grew its position in Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after acquiring an additional 149 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Thomson Reuters during the 4th quarter worth approximately $37,000. GPS Wealth Strategies Group LLC bought a new stake in Thomson Reuters during the 4th quarter worth approximately $38,000. Finally, Gold Investment Management Ltd. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $41,000. 17.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. TD Securities increased their price target on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Canaccord Genuity Group increased their price objective on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Scotiabank increased their price objective on Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.64.

Get Our Latest Analysis on TRI

Thomson Reuters Stock Performance

TRI stock opened at $168.40 on Friday. The business’s fifty day moving average is $167.56 and its 200-day moving average is $157.44. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a market cap of $75.72 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 6.43 and a beta of 0.72. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. Equities research analysts forecast that Thomson Reuters Co. will post 3.67 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, May 15th. Thomson Reuters’s payout ratio is presently 40.57%.

Thomson Reuters Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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