UBS Group Raises Thomson Reuters (NYSE:TRI) Price Target to $190.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price raised by UBS Group from $177.00 to $190.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research analysts also recently commented on TRI. Barclays raised shares of Thomson Reuters from an equal weight rating to an overweight rating and raised their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a hold rating in a research note on Friday. National Bank Financial upgraded Thomson Reuters from an underperform rating to a sector perform rating in a report on Tuesday, April 23rd. CIBC raised their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a neutral rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Thomson Reuters from $152.00 to $163.00 and gave the stock a neutral rating in a report on Friday. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $164.31.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $164.74 on Friday. The firm has a market cap of $74.35 billion, a PE ratio of 31.38, a PEG ratio of 4.29 and a beta of 0.65. The stock has a 50 day moving average of $155.38 and a 200 day moving average of $146.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $166.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.43%. Thomson Reuters’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, research analysts expect that Thomson Reuters will post 3.58 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 annualized dividend and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.33%.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors have recently bought and sold shares of TRI. Assenagon Asset Management S.A. lifted its holdings in shares of Thomson Reuters by 1.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,990 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp raised its stake in 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 buying an additional 78 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Thomson Reuters by 0.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 82 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Thomson Reuters by 5.8% during the first quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock worth $239,000 after acquiring an additional 85 shares during the last quarter. Finally, Advisor OS LLC increased its holdings in shares of Thomson Reuters by 5.2% during the third quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 86 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.