12,405 Shares in Thomson Reuters Co. $TRI Bought by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners purchased 12,405 shares of Thomson Reuters, amounting to approximately $2.5 million, during the second quarter, indicating growing interest in the company.
• Thomson Reuters reported a quarterly EPS of $0.87, exceeding analyst estimates, and showed a 2.6% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.595, resulting in an annualized yield of 1.5% and a dividend payout ratio of 65.75%.

Stratos Wealth Partners LTD. bought a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,405 shares of the business services provider's stock, valued at approximately $2,495,000.

Other large investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in Thomson Reuters in the first quarter valued at about $626,000. Goldman Sachs Group Inc. raised its position in Thomson Reuters by 36.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider's stock valued at $274,462,000 after purchasing an additional 421,279 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Thomson Reuters by 7.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock valued at $1,948,000 after purchasing an additional 776 shares during the period. Gulf International Bank UK Ltd raised its position in Thomson Reuters by 2,723.3% in the first quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider's stock valued at $1,551,000 after purchasing an additional 8,660 shares during the period. Finally, Callan Capital LLC purchased a new position in Thomson Reuters in the first quarter valued at about $244,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRI has been the topic of several research reports. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and raised their price objective for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group set a $186.00 target price on Thomson Reuters and gave the company a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company upgraded Thomson Reuters from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $187.00 to $212.00 in a research note on Tuesday, September 9th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Thomson Reuters currently has an average rating of "Moderate Buy" and a consensus target price of $202.64.

Thomson Reuters Stock Up 1.4%

Shares of Thomson Reuters stock opened at $158.53 on Monday. The business has a 50-day moving average of $166.08 and a 200-day moving average of $182.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $71.18 billion, a PE ratio of 32.42, a P/E/G ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 1-year low of $149.47 and a 1-year high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 65.75%.

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.

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