Deutsche Bank AG Sells 55,311 Shares of Thomson Reuters Co. (NYSE:TRI)

Deutsche Bank AG decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 16.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 276,328 shares of the business services provider’s stock after selling 55,311 shares during the period. Deutsche Bank AG’s holdings in Thomson Reuters were worth $44,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters in the fourth quarter valued at $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters in the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after purchasing an additional 136 shares during the period. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $184.26 on Wednesday. The stock has a market cap of $83.00 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 5.67 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $176.40 and a 200 day simple moving average of $170.14. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $189.89.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 49.69%.

Analyst Ratings Changes

TRI has been the topic of several research reports. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Scotiabank restated a “sector perform” rating and set a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. Royal Bank of Canada raised their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. TD Securities boosted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. Finally, Bank of America initiated coverage on Thomson Reuters in a report on Thursday, April 10th. They set a “neutral” rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus price target of $183.70.

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.