Thomson Reuters (NYSE:TRI) Reaches New 1-Year High – Here’s What Happened

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $179.45 and last traded at $178.63, with a volume of 452328 shares changing hands. The stock had previously closed at $178.93.

Analyst Ratings Changes

Several analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. CIBC raised their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Stock Down 0.2 %

The stock has a market capitalization of $80.38 billion, a P/E ratio of 36.53, a PEG ratio of 5.59 and a beta of 0.73. The stock’s fifty day moving average is $164.55 and its two-hundred day moving average is $165.62. 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 issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, research analysts predict that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.33%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.17%.

Institutional Investors Weigh In On Thomson Reuters

A number of large investors have recently made changes to their positions in TRI. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the fourth quarter valued at $33,000. Finally, Asset Dedication LLC lifted its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company 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.