Crewe Advisors LLC Takes $138,000 Position in Thomson Reuters Co. (NYSE:TRI)

Crewe Advisors LLC acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 885 shares of the business services provider’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Thomson Reuters during the 4th quarter valued at $37,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at $38,000. Gold Investment Management Ltd. purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at $41,000. Principal Securities Inc. purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at $48,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRI. CIBC increased their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. UBS Group increased their target price on shares of Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.64.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded down $1.16 during mid-day trading on Thursday, hitting $162.34. The company had a trading volume of 613,616 shares, compared to its average volume of 370,541. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day simple moving average is $168.40 and its 200-day simple moving average is $159.76. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03. The firm has a market cap of $73.00 billion, a P/E ratio of 30.92, a PEG ratio of 6.30 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, analysts predict that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 15th. Thomson Reuters’s payout ratio is presently 40.57%.

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.