MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 76.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,108 shares of the business services provider's stock after selling 10,073 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Thomson Reuters were worth $531,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Thomson Reuters during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock worth $28,000 after buying an additional 80 shares during the period. Clean Yield Group bought a new stake in Thomson Reuters during the third quarter valued at about $42,000. Exchange Traded Concepts LLC lifted its position in shares of Thomson Reuters by 104.4% in the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Thomson Reuters in the second quarter worth about $73,000. Institutional investors own 17.31% of the company's stock.
A number of research firms recently commented on TRI. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $164.00 to $182.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada decreased their price objective on Thomson Reuters from $170.00 to $168.00 and set a "sector perform" rating on the stock in a report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and an average price target of $173.45.
Check Out Our Latest Stock Analysis on Thomson Reuters
Shares of NYSE:TRI opened at $167.26 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $75.22 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 5.61 and a beta of 0.73. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03. The firm's 50-day moving average is $167.73 and its 200 day moving average is $165.03.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.75 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company's quarterly revenue was up 5.6% on a year-over-year basis. Research analysts predict that Thomson Reuters Co. will post 3.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.146 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters's payout ratio is presently 41.46%.
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.
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