Deutsche Bank AG Sells 55,311 Shares of Thomson Reuters Co. (NYSE:TRI)

Deutsche Bank AG cut its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,328 shares of the business services provider’s stock after selling 55,311 shares during the quarter. Deutsche Bank AG owned about 0.06% of Thomson Reuters worth $44,317,000 at the end of the most recent reporting period.

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

Thomson Reuters Stock Down 0.3%

TRI opened at $184.26 on Wednesday. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $189.89. The firm has a market capitalization of $83.00 billion, a P/E ratio of 37.68, a PEG ratio of 5.67 and a beta of 0.75. The company’s 50-day moving average is $176.40 and its 200 day moving average is $170.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

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 for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. Research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 15th. Thomson Reuters’s dividend payout ratio is presently 49.69%.

Analyst Ratings Changes

TRI has been the topic of a number of research reports. CIBC boosted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Bank of America started coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a “neutral” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.70.

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.