Arista Wealth Management LLC Takes $961,000 Position in Thomson Reuters Co. $TRI

Key Points

• Arista Wealth Management LLC has acquired a new position in Thomson Reuters, purchasing 4,780 shares valued at approximately $961,000 during the second quarter.
• Numerous institutional investors have increased or initiated stakes in Thomson Reuters, with Cullen Frost Bankers boosting its holdings by 772.2% in the first quarter.
• Brokerages have upgraded Thomson Reuters' stock ratings, with TD Securities raising its target price from $275.00 to $285.00, reflecting a positive outlook among analysts.

Arista Wealth Management LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,780 shares of the business services provider's stock, valued at approximately $961,000.

A number of other institutional investors have also recently bought and sold shares of TRI. Cullen Frost Bankers Inc. increased its holdings in shares of Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the period. Ameritas Advisory Services LLC purchased a new position in Thomson Reuters during the second quarter valued at approximately $37,000. SBI Securities Co. Ltd. increased its stake in Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Thomson Reuters in the 2nd quarter valued at approximately $77,000. Finally, Fifth Third Bancorp lifted its position in Thomson Reuters by 42.8% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after buying an additional 145 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TRI. TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating and boosted their target price for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. The Goldman Sachs Group set a $186.00 price objective on Thomson Reuters and gave the stock a "buy" rating in a research note on Wednesday. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. Canaccord Genuity Group lifted their price objective on Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Finally, CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $202.64.

Thomson Reuters Price Performance

TRI opened at $156.37 on Friday. The stock has a market capitalization of $70.21 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a one year low of $149.47 and a one year high of $218.42. 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's 50 day simple moving average is $166.50 and its 200-day simple moving average is $182.74.

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

Thomson Reuters Announces Dividend

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

About Thomson Reuters

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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