Thomson Reuters Co. (NYSE:TRI) Shares Sold by Bokf Na

Bokf Na lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393 shares of the business services provider’s stock after selling 656 shares during the period. Bokf Na’s holdings in Thomson Reuters were worth $61,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRI. Strategic Investment Advisors MI increased its holdings in shares of Thomson Reuters by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 62 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 62 shares during the period. Pacer Advisors Inc. lifted its position in shares of Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 64 shares during the period. Addison Advisors LLC boosted its stake in shares of Thomson Reuters by 5.7% during the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its holdings in shares of Thomson Reuters by 2.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider’s stock worth $611,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TRI shares. Bank of America started coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 target price on the stock. Scotiabank restated a “sector perform” rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. CIBC upped their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Barclays increased their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, TD Securities upped their price objective on Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $183.70.

Thomson Reuters Stock Up 0.2 %

TRI opened at $187.39 on Friday. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $189.89. The business has a 50-day moving average of $176.04 and a two-hundred day moving average of $169.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $84.41 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

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.