Thomson Reuters (NASDAQ:TRI) Given “Equal Weight” Rating at Wells Fargo & Company

Wells Fargo & Company reissued their equal weight rating on shares of Thomson Reuters (NASDAQ:TRI) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $95.00 price objective on the stock, down from their previous price objective of $120.00.

A number of other analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a research report on Monday, December 29th. UBS Group set a $131.50 price objective on Thomson Reuters in a research note on Friday, February 6th. Bank of America boosted their price objective on Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price on the stock in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus price target of $147.96.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $91.05 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters has a twelve month low of $79.71 and a twelve month high of $218.42. The company has a fifty day moving average of $102.15 and a 200-day moving average of $130.39. The firm has a market capitalization of $40.52 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.39 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.655 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 17th. This represents a $2.62 annualized dividend and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Institutional Trading of Thomson Reuters

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Thomson Reuters in the 4th quarter valued at about $30,000. AlphaCore Capital LLC purchased a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $39,000. Cullen Frost Bankers Inc. boosted its stake in shares of Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after buying an additional 83 shares during the last quarter. Timmons Wealth Management LLC bought a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $42,000. Finally, Montag A & Associates Inc. bought a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $43,000. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.