Principal Financial Group Inc. Purchases 500 Shares of Thomson Reuters Co. (NYSE:TRI)

Principal Financial Group Inc. boosted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,647 shares of the business services provider’s stock after acquiring an additional 500 shares during the period. Principal Financial Group Inc.’s holdings in Thomson Reuters were worth $3,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Thomson Reuters in the 4th quarter worth about $11,285,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Thomson Reuters by 7.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider’s stock valued at $1,948,000 after acquiring an additional 776 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Thomson Reuters by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider’s stock valued at $5,683,000 after buying an additional 313 shares during the period. Captrust Financial Advisors increased its stake in Thomson Reuters by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider’s stock worth $469,000 after purchasing an additional 115 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Thomson Reuters by 173.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,099 shares of the business services provider’s stock valued at $4,164,000 after buying an additional 15,301 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE TRI opened at $209.27 on Friday. The stock has a market cap of $94.29 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $218.42. The business has a fifty day moving average of $196.77 and a 200-day moving average of $180.60.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is 49.69%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRI. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Royal Bank Of Canada lifted their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, May 2nd. Barclays boosted their price objective on Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. TD Securities reiterated a “hold” rating on shares of Thomson Reuters in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Thomson Reuters from $187.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $187.30.

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.