PDS Planning Inc Acquires 114 Shares of Thomson Reuters Co. (NYSE:TRI)

PDS Planning Inc boosted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,456 shares of the business services provider’s stock after purchasing an additional 114 shares during the period. PDS Planning Inc’s holdings in Thomson Reuters were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters in the 4th quarter valued at $27,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the 4th quarter worth $29,000. Noble Wealth Management PBC bought a new position in shares of Thomson Reuters during the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after buying an additional 136 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRI has been the topic of a number of recent research reports. TD Securities lifted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Royal Bank Of Canada lifted their price objective on Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Wells Fargo & Company upped their target price on Thomson Reuters from $187.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, June 16th. Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 target price for the company. Finally, Scotiabank reissued a “sector perform” rating and issued a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $187.30.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $197.20 on Friday. 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 business’s fifty day moving average price is $191.02 and its two-hundred day moving average price is $176.65. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $199.11. The stock has a market capitalization of $88.83 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. As a group, analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, May 15th. Thomson Reuters’s payout ratio is currently 49.69%.

Thomson Reuters 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.