TD Securities Increases Thomson Reuters (NYSE:TRI) Price Target to $182.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price increased by TD Securities from $177.00 to $182.00 in a research report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the business services provider’s stock.

TRI has been the topic of a number of other research reports. Wells Fargo & Company boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Finally, The Goldman Sachs Group upped their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $178.18.

Thomson Reuters Price Performance

Shares of TRI opened at $184.30 on Tuesday. The business’s 50-day moving average is $174.61 and its 200-day moving average is $168.86. 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 company has a market capitalization of $83.01 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters has a fifty-two week low of $149.85 and a fifty-two week high of $184.54.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities research analysts expect that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.29%. Thomson Reuters’s dividend payout ratio is presently 48.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRI. Mackenzie Financial Corp grew its stake in shares of Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares during the last quarter. Norges Bank bought a new stake in Thomson Reuters in the 4th quarter valued at $148,221,000. Geode Capital Management LLC grew its position in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock worth $214,236,000 after purchasing an additional 560,450 shares during the last quarter. TD Asset Management Inc. increased its holdings in shares of Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after purchasing an additional 516,605 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Company 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.