Fifth Third Bancorp Has $84,000 Stock Position in Thomson Reuters Co. (NYSE:TRI)

Fifth Third Bancorp raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 42.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 484 shares of the business services provider’s stock after acquiring an additional 145 shares during the period. Fifth Third Bancorp’s holdings in Thomson Reuters were worth $84,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $27,000. Investment Management Corp VA ADV acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $29,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE TRI opened at $193.85 on Friday. The company has a 50 day moving average of $189.71 and a 200-day moving average of $175.90. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $199.11. The firm has a market cap of $87.33 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 5.67 and a beta of 0.77. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $1.11 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, May 15th. Thomson Reuters’s payout ratio is presently 49.69%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRI shares. Scotiabank reissued a “sector perform” rating and issued a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price target for the company. 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. Wall Street Zen cut Thomson Reuters from a “hold” rating to a “sell” 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Thomson Reuters Profile

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.