Thomson Reuters (TRI) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Thomson Reuters (NYSE: TRI) recently:

• 11/26/2024 – Thomson Reuters is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $165.00 price target on the stock.
• 11/22/2024 – Thomson Reuters was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/14/2024 – Thomson Reuters was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/6/2024 – Thomson Reuters was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/6/2024 – Thomson Reuters had its price target raised by analysts at Royal Bank of Canada from $171.00 to $173.00. They now have a “sector perform” rating on the stock.
• 11/6/2024 – Thomson Reuters had its price target raised by analysts at Scotiabank from $182.00 to $187.00. They now have a “sector outperform” rating on the stock.
• 10/23/2024 – Thomson Reuters had its price target raised by analysts at Royal Bank of Canada from $168.00 to $171.00. They now have a “sector perform” rating on the stock.

Thomson Reuters Stock Up 0.3 %

Shares of NYSE:TRI traded up $0.55 during trading on Wednesday, reaching $161.34. 165,808 shares of the stock traded hands, compared to its average volume of 353,142. Thomson Reuters Co. has a 52-week low of $138.57 and a 52-week high of $176.03. The stock has a market cap of $72.59 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 5.44 and a beta of 0.73. The stock has a 50-day moving average of $166.99 and a two-hundred day moving average of $167.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.34%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Trading of Thomson Reuters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its stake in shares of Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 66 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after buying an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Thomson Reuters by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after buying an additional 74 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Thomson Reuters by 4.8% in the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its position in shares of Thomson Reuters by 0.4% in the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after acquiring an additional 79 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

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.