Thomson Reuters (NYSE:TRI) Upgraded at StockNews.com

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a sell rating to a hold rating in a report released on Thursday.

TRI has been the subject of several other research reports. Scotiabank boosted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and an average target price of $176.33.

Thomson Reuters Trading Down 1.8 %

Shares of TRI stock opened at $161.71 on Thursday. The stock has a market capitalization of $72.75 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 5.70 and a beta of 0.73. The company’s fifty day simple moving average is $168.44 and its two-hundred day simple moving average is $167.19. Thomson Reuters has a 1 year low of $133.26 and a 1 year high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Thomson Reuters will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Investors Weigh In On Thomson Reuters

A number of institutional investors have recently made changes to their positions in the business. Blair William & Co. IL lifted its stake in Thomson Reuters by 3.0% in the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Thomson Reuters by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after acquiring an additional 74 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Thomson Reuters by 4.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares during the period. Avitas Wealth Management LLC grew its position in Thomson Reuters by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after acquiring an additional 79 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

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.