Commerce Bank acquired a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,798 shares of the business services provider’s stock, valued at approximately $225,000.

A number of other institutional investors have also recently bought and sold shares of TRI. Toronto Dominion Bank increased its position in Thomson Reuters by 8.4% in the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after buying an additional 103,158 shares in the last quarter. Lunia Capital LP purchased a new stake in Thomson Reuters in the fourth quarter worth about $15,308,000. Oppenheimer Asset Management Inc. purchased a new stake in Thomson Reuters in the fourth quarter worth about $118,000. Beacon Pointe Advisors LLC purchased a new stake in Thomson Reuters in the fourth quarter worth about $370,000. Finally, Toroso Investments LLC purchased a new stake in Thomson Reuters in the fourth quarter worth about $1,745,000. Institutional investors own 20.50% of the company’s stock.

NYSE:TRI opened at $63.69 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.83 and a quick ratio of 1.83. Thomson Reuters Corp has a 12-month low of $41.79 and a 12-month high of $65.66. The stock has a market cap of $31.82 billion, a P/E ratio of 73.24, a price-to-earnings-growth ratio of 7.04 and a beta of 0.63.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.13. Thomson Reuters had a return on equity of 4.25% and a net margin of 78.52%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Thomson Reuters Corp will post 1.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Thursday, May 23rd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, May 22nd. Thomson Reuters’s dividend payout ratio is currently 192.00%.

A number of analysts have commented on TRI shares. ValuEngine upgraded Thomson Reuters from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. National Bank Financial cut Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 25th. Zacks Investment Research cut Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Royal Bank of Canada upped their price target on Thomson Reuters from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Finally, CIBC restated an “average” rating and issued a $56.00 price target on shares of Thomson Reuters in a research report on Wednesday, February 27th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $58.40.

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Thomson Reuters Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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