Thomson Reuters Co. (NYSE:TRI) Given Consensus Recommendation of “Hold” by Brokerages

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has received a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $187.30.

A number of brokerages have commented on TRI. Wall Street Zen lowered Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Barclays increased their target price on Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. TD Securities increased their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Royal Bank Of Canada increased their target price on Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently made changes to their positions in the stock. NewSquare Capital LLC raised its position in shares of Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Addison Advisors LLC grew its stake in Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock worth $204,000 after purchasing an additional 68 shares during the period. Rhumbline Advisers grew its stake in Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock worth $770,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. grew its stake in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after purchasing an additional 69 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its stake in Thomson Reuters by 2.1% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider’s stock worth $611,000 after purchasing an additional 78 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Down 0.1%

TRI opened at $196.04 on Wednesday. Thomson Reuters has a 1-year low of $150.01 and a 1-year high of $199.11. The stock’s fifty day simple moving average is $188.19 and its 200 day simple moving average is $175.34. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $88.31 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters’s dividend payout ratio (DPR) is 49.69%.

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.