MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys Shares of 6,076 Thomson Reuters Co. (NYSE:TRI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,076 shares of the business services provider’s stock, valued at approximately $946,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hexagon Capital Partners LLC lifted its stake in shares of Thomson Reuters by 12.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 834 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 90 shares during the last quarter. Griffin Asset Management Inc. lifted its stake in shares of Thomson Reuters by 2.6% in the 1st quarter. Griffin Asset Management Inc. now owns 5,902 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 150 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Thomson Reuters by 16.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,356 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 1,027 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Thomson Reuters by 1.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 36,355 shares of the business services provider’s stock valued at $5,665,000 after purchasing an additional 448 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Thomson Reuters in the 1st quarter valued at $78,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TRI. Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $180.00 in a research report on Thursday, March 14th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Finally, TD Securities boosted their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.64.

Thomson Reuters Stock Performance

NYSE:TRI opened at $168.34 on Wednesday. The firm’s 50-day moving average is $166.95 and its 200-day moving average is $157.15. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $75.69 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 6.44 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities research analysts anticipate that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a $0.54 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. Thomson Reuters’s payout ratio is currently 40.57%.

Thomson Reuters 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.