Thomson Reuters Co. Declares Quarterly Dividend of $0.45 (NYSE:TRI)

Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) declared a quarterly dividend on Friday, August 5th, Wall Street Journal reports. Stockholders of record on Thursday, August 18th will be paid a dividend of 0.445 per share by the business services provider on Thursday, September 15th. This represents a $1.78 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 17th.

Thomson Reuters has increased its dividend by an average of 5.4% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Thomson Reuters has a payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Thomson Reuters to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 53.1%.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $116.30 on Tuesday. The company has a market capitalization of $56.41 billion, a price-to-earnings ratio of 119.90, a price-to-earnings-growth ratio of 4.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.82. Thomson Reuters has a one year low of $91.55 and a one year high of $123.60. The company’s 50-day moving average is $105.99 and its 200 day moving average is $103.77.

Institutional Trading of Thomson Reuters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. American Century Companies Inc. grew its position in shares of Thomson Reuters by 19.4% during the 1st quarter. American Century Companies Inc. now owns 6,154 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks LLC boosted its holdings in Thomson Reuters by 7.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,945 shares of the business services provider’s stock worth $212,000 after buying an additional 128 shares during the period. BlackRock Inc. increased its stake in Thomson Reuters by 11.4% in the 1st quarter. BlackRock Inc. now owns 560,049 shares of the business services provider’s stock worth $60,961,000 after buying an additional 57,200 shares in the last quarter. Vanguard Group Inc. raised its holdings in Thomson Reuters by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,314,854 shares of the business services provider’s stock valued at $578,521,000 after acquiring an additional 118,225 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Thomson Reuters by 89.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 138,600 shares of the business services provider’s stock valued at $15,061,000 after acquiring an additional 65,534 shares in the last quarter. 21.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRI has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, August 5th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Canaccord Genuity Group increased their price objective on Thomson Reuters from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Barclays decreased their target price on Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, July 1st. Finally, Royal Bank of Canada raised their price target on shares of Thomson Reuters from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, August 5th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.38.

Thomson Reuters Company Profile

(Get Rating)

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.

Featured Articles

Dividend History for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.