6,076 Shares in Thomson Reuters Co. (NYSE:TRI) Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,076 shares of the business services provider’s stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds have also modified their holdings of TRI. Qube Research & Technologies Ltd acquired a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $6,017,000. Schonfeld Strategic Advisors LLC purchased a new stake in Thomson Reuters in the 3rd quarter valued at approximately $709,000. Glenmede Trust Co. NA purchased a new stake in Thomson Reuters in the 3rd quarter valued at approximately $1,084,000. Axxcess Wealth Management LLC lifted its stake in Thomson Reuters by 257.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 9,037 shares of the business services provider’s stock valued at $1,105,000 after buying an additional 6,506 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Thomson Reuters by 6,607,664.7% in the 3rd quarter. Legal & General Group Plc now owns 1,123,320 shares of the business services provider’s stock valued at $138,048,000 after buying an additional 1,123,303 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group upped their target price on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Canaccord Genuity Group increased their price target on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Scotiabank increased their price target on Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. UBS Group increased their price target on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada increased their price target on Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.64.

Thomson Reuters Trading Up 0.2 %

Shares of TRI opened at $168.34 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $75.69 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 6.44 and a beta of 0.72. The stock’s fifty day simple moving average is $166.95 and its 200 day simple moving average is $157.15. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were issued a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.16 annualized dividend and a yield of 1.28%. Thomson Reuters’s dividend payout ratio is currently 40.57%.

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.