Analysts Set Thomson Reuters Co. (NYSE:TRI) PT at $182.09

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $182.09.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. CIBC raised their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Advisors MI lifted its position in Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after buying an additional 62 shares during the last quarter. NewSquare Capital LLC lifted its position in Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. grew its stake in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after buying an additional 64 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after buying an additional 68 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

TRI opened at $173.93 on Thursday. The company’s 50-day simple moving average is $165.24 and its two-hundred day simple moving average is $165.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $78.27 billion, a P/E ratio of 35.57, a P/E/G ratio of 5.59 and a beta of 0.73. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $179.45.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. As a group, analysts predict that Thomson Reuters will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s payout ratio is currently 44.17%.

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.