Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target lifted by Royal Bank of Canada from $50.00 to $53.00 in a research report released on Wednesday morning. Royal Bank of Canada currently has an outperform rating on the business services provider’s stock.
Several other research firms also recently commented on TRI. Piper Jaffray Companies restated a hold rating on shares of Thomson Reuters in a research report on Wednesday, November 7th. CIBC restated a hold rating and set a $53.00 target price on shares of Thomson Reuters in a research report on Wednesday. National Bank Financial restated a buy rating on shares of Thomson Reuters in a research report on Wednesday, November 7th. TD Securities restated a buy rating and set a $69.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded Thomson Reuters from a hold rating to a buy rating and set a $51.00 target price for the company in a research report on Wednesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $51.36.
Shares of TRI stock opened at $50.49 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 12 month low of $36.52 and a 12 month high of $51.74. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 8.25 and a beta of 0.55.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 14th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio (DPR) is 55.80%.
Several institutional investors have recently bought and sold shares of TRI. Cerebellum GP LLC bought a new position in Thomson Reuters in the 3rd quarter valued at $190,000. Northern Trust Corp raised its position in Thomson Reuters by 4.8% in the 2nd quarter. Northern Trust Corp now owns 516,102 shares of the business services provider’s stock valued at $20,809,000 after purchasing an additional 23,457 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at $11,786,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at $202,000. Finally, Jane Street Group LLC increased its stake in shares of Thomson Reuters by 83.4% in the 2nd quarter. Jane Street Group LLC now owns 51,973 shares of the business services provider’s stock valued at $2,096,000 after buying an additional 23,638 shares during the period. Institutional investors and hedge funds own 33.08% of the company’s stock.
About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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