US Bancorp DE Purchases 371 Shares of Thomson Reuters Co. $TRI

US Bancorp DE raised its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 18,928 shares of the business services provider’s stock after acquiring an additional 371 shares during the period. US Bancorp DE’s holdings in Thomson Reuters were worth $3,807,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Shell Asset Management Co. grew its position in shares of Thomson Reuters by 36.5% in the 2nd quarter. Shell Asset Management Co. now owns 42,311 shares of the business services provider’s stock valued at $8,491,000 after buying an additional 11,305 shares during the last quarter. Prasad Wealth Partners LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at about $204,000. DAVENPORT & Co LLC grew its position in shares of Thomson Reuters by 3.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock valued at $474,000 after buying an additional 82 shares during the last quarter. Marks Group Wealth Management Inc grew its position in shares of Thomson Reuters by 3.9% in the 2nd quarter. Marks Group Wealth Management Inc now owns 3,513 shares of the business services provider’s stock valued at $707,000 after buying an additional 133 shares during the last quarter. Finally, Impact Investors Inc grew its position in shares of Thomson Reuters by 10.6% in the 2nd quarter. Impact Investors Inc now owns 5,185 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 498 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.7%

TRI stock opened at $152.55 on Tuesday. The stock’s 50 day simple moving average is $168.32 and its 200 day simple moving average is $183.21. Thomson Reuters Co. has a fifty-two week low of $149.47 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $68.49 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is 65.75%.

Analysts Set New Price Targets

A number of research firms have commented on TRI. Morgan Stanley reduced their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 11th. Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada cut their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.82.

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.