Arkadios Wealth Advisors Takes Position in Thomson Reuters Corp $TRI

Key Points

• Arkadios Wealth Advisors initiated a Thomson Reuters position of 19,729 shares valued at approximately $1.775 million during the first quarter. Other institutions also added shares, with institutional investors collectively owning 17.31% of the company.
• Analysts maintain a generally positive outlook, with Thomson Reuters receiving a consensus “Moderate Buy” rating and an average price target of $143.92.
• Thomson Reuters beat quarterly earnings expectations, reporting $1.23 in EPS versus $1.18 forecast and $2.04 billion in revenue. Revenue increased 9.8% year over year, while the stock recently opened at $98.13.

Arkadios Wealth Advisors purchased a new position in Thomson Reuters Corp (NASDAQ:TRI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,729 shares of the company's stock, valued at approximately $1,775,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Thomson Reuters during the fourth quarter valued at about $448,000. AQR Capital Management LLC increased its position in shares of Thomson Reuters by 30.3% during the first quarter. AQR Capital Management LLC now owns 17,152 shares of the company's stock worth $2,964,000 after acquiring an additional 3,988 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Thomson Reuters in the 1st quarter worth about $205,000. Prudential Financial Inc. acquired a new stake in shares of Thomson Reuters in the 2nd quarter worth about $234,000. Finally, Daiwa Securities Group Inc. bought a new position in Thomson Reuters in the 2nd quarter valued at about $646,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group set a $185.74 price objective on Thomson Reuters and gave the stock a "buy" rating in a report on Thursday, April 23rd. Scotiabank set a $138.00 target price on Thomson Reuters and gave the company a "sector outperform" rating in a report on Wednesday, May 6th. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the company an "equal weight" rating in a research report on Tuesday, June 30th. TD Securities reiterated a "buy" rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Finally, Argus started coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a "hold" rating on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Thomson Reuters currently has an average rating of "Moderate Buy" and a consensus price target of $143.92.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $98.13 on Monday. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $204.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business's 50 day simple moving average is $87.45 and its 200 day simple moving average is $93.99. The company has a market cap of $42.75 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.46 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Sell-side analysts forecast that Thomson Reuters Corp will post 4.44 EPS for the current year.

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.

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