Thomson Reuters (NASDAQ:TRI) Reaches New 12-Month Low – Should You Sell?

Shares of Thomson Reuters Corp (NASDAQ:TRI) hit a new 52-week low during trading on Friday . The stock traded as low as $78.15 and last traded at $79.4310, with a volume of 164793 shares changing hands. The stock had previously closed at $80.25.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRI. Barclays reissued an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Bank of America decreased their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Trading Up 1.1%

The firm has a market capitalization of $35.37 billion, a PE ratio of 23.57, a PEG ratio of 1.22 and a beta of 0.77. The company’s 50-day moving average price is $88.63 and its 200-day moving average price is $105.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the business earned $1.12 EPS. Thomson Reuters’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after acquiring an additional 85,684 shares in the last quarter. TD Asset Management Inc raised its stake in Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after acquiring an additional 33,418 shares in the last quarter. TLT Family Holdco ULC acquired a new stake in Thomson Reuters during the 2nd quarter worth $865,442,000. SEG Family Corp. acquired a new stake in Thomson Reuters during the 2nd quarter worth $659,930,000. Finally, Morgan Stanley raised its stake in Thomson Reuters by 31.2% during the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after acquiring an additional 665,743 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.