Thomson Reuters (NYSE:TRI) Hits New 1-Year Low – Here’s What Happened

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $125.97 and last traded at $126.2740, with a volume of 195186 shares. The stock had previously closed at $128.91.

Analyst Ratings Changes

TRI has been the subject of a number of recent analyst reports. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Scotiabank restated an “outperform” rating and set a $189.00 price objective (down from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. Morgan Stanley set a $165.00 price objective on Thomson Reuters and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. CIBC set a $198.00 target price on Thomson Reuters and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.64.

Thomson Reuters Stock Performance

The stock has a market capitalization of $56.28 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 5.67 and a beta of 0.80. The company’s 50-day simple moving average is $133.57 and its 200-day simple moving average is $161.67. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is 61.18%.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in Thomson Reuters during the 4th quarter worth about $253,000. Avanza Fonder AB grew its stake in Thomson Reuters by 94.7% during the fourth quarter. Avanza Fonder AB now owns 16,896 shares of the business services provider’s stock worth $2,228,000 after purchasing an additional 8,220 shares during the period. SG Americas Securities LLC increased its holdings in Thomson Reuters by 1,310.6% in the fourth quarter. SG Americas Securities LLC now owns 137,916 shares of the business services provider’s stock worth $18,190,000 after purchasing an additional 128,139 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Thomson Reuters by 5.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 37,155 shares of the business services provider’s stock valued at $4,900,000 after buying an additional 2,054 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Thomson Reuters by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,524 shares of the business services provider’s stock worth $2,547,000 after buying an additional 188 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.