Thomson Reuters (NYSE:TRI) Sees Large Volume Increase

Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) saw unusually-strong trading volume on Thursday . Approximately 65,301 shares were traded during mid-day trading, a decline of 86% from the previous session’s volume of 481,262 shares.The stock last traded at $111.42 and had previously closed at $110.55.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRI. Barclays cut their target price on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. CIBC upgraded shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, June 14th. Finally, StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.88.

Thomson Reuters Trading Up 0.8 %

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $101.89 and its 200 day moving average price is $103.28. The firm has a market capitalization of $54.30 billion, a PE ratio of 32.90, a P/E/G ratio of 3.26 and a beta of 0.53.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last released its earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, analysts expect that Thomson Reuters Co. will post 2.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Thursday, May 26th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, May 25th. Thomson Reuters’s dividend payout ratio (DPR) is presently 52.98%.

Hedge Funds Weigh In On Thomson Reuters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its stake in shares of Thomson Reuters by 67.3% during the 1st quarter. Mackenzie Financial Corp now owns 7,105,567 shares of the business services provider’s stock worth $772,664,000 after purchasing an additional 2,859,546 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Thomson Reuters by 5.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,148,867 shares of the business services provider’s stock worth $669,181,000 after acquiring an additional 340,895 shares during the period. Vanguard Group Inc. lifted its stake in shares of Thomson Reuters by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,314,854 shares of the business services provider’s stock worth $578,521,000 after purchasing an additional 118,225 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Thomson Reuters by 33.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,838,820 shares of the business services provider’s stock worth $339,742,000 after purchasing an additional 706,875 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Thomson Reuters by 5.9% during the first quarter. Fiera Capital Corp now owns 2,804,912 shares of the business services provider’s stock valued at $305,008,000 after buying an additional 155,405 shares during the last quarter. Hedge funds and other institutional investors own 21.17% of the company’s stock.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.

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