Thomson Reuters Corp (NASDAQ:TRI – Get Free Report) traded up 6.5% during trading on Monday . The stock traded as high as $87.25 and last traded at $88.0910. 130,570 shares traded hands during trading, a decline of 95% from the average session volume of 2,481,742 shares. The stock had previously closed at $82.73.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. UBS Group set a $185.74 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, April 23rd. Bank of America increased their price target on Thomson Reuters from $101.50 to $116.72 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Finally, BMO Capital Markets set a $167.47 price target on Thomson Reuters in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.28.
View Our Latest Analysis on Thomson Reuters
Thomson Reuters Trading Up 7.2%
Thomson Reuters (NASDAQ:TRI – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current year.
Thomson Reuters Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.655 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.0%. Thomson Reuters’s dividend payout ratio (DPR) is 77.33%.
Hedge Funds Weigh In On Thomson Reuters
A number of large investors have recently made changes to their positions in TRI. Empowered Funds LLC bought a new position in shares of Thomson Reuters during the fourth quarter worth approximately $30,000. Cullen Frost Bankers Inc. increased its stake in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after purchasing an additional 83 shares during the period. Timmons Wealth Management LLC bought a new position in shares of Thomson Reuters during the fourth quarter worth approximately $42,000. Montag A & Associates Inc. bought a new position in shares of Thomson Reuters during the fourth quarter worth approximately $43,000. Finally, Westside Investment Management Inc. increased its stake in shares of Thomson Reuters by 100.0% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after purchasing an additional 169 shares during the period. Institutional investors own 17.31% of the company’s stock.
About Thomson Reuters
Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.
Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.
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