Benjamin Edwards Inc. Has $28.23 Million Position in Thomson Reuters Corp $TRI

Key Points

• Benjamin Edwards Inc. cut its Thomson Reuters position by 20% in the second quarter, selling 86,309 shares and retaining 345,679 shares valued at approximately $28.23 million. Institutional investors collectively own 17.31% of the company.
• Analysts maintain a generally positive outlook, with Thomson Reuters receiving a “Moderate Buy” consensus rating and an average price target of $131.57, well above its reported share price of $106.22.
• Thomson Reuters exceeded quarterly expectations with $0.99 in EPS and $1.93 billion in revenue, up 9.5% year over year. The company also declared a quarterly dividend of $0.655 per share, representing a 2.5% annualized yield.

Benjamin Edwards Inc. decreased its position in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 345,679 shares of the company's stock after selling 86,309 shares during the quarter. Benjamin Edwards Inc. owned 0.08% of Thomson Reuters worth $28,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth $30,000. Timmons Wealth Management LLC acquired a new position in Thomson Reuters during the fourth quarter worth $42,000. Montag A & Associates Inc. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $43,000. Western Wealth Management LLC bought a new position in Thomson Reuters during the first quarter worth about $48,000. Finally, J.Safra Asset Management Corp acquired a new stake in Thomson Reuters during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Securities restated a "buy" rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Scotia cut their price target on Thomson Reuters from $138.00 to $135.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 6th. Royal Bank Of Canada increased their price target on Thomson Reuters from $121.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the stock an "equal weight" rating in a research note on Tuesday, June 30th. Finally, Canaccord Genuity Group cut their target price on Thomson Reuters from $134.00 to $132.50 and set a "buy" rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.57.

Thomson Reuters Trading Up 1.4%

Shares of TRI stock opened at $106.22 on Friday. The stock's 50-day moving average price is $95.65 and its 200-day moving average price is $92.46. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $180.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Equities research analysts predict that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is currently 69.68%.

Thomson Reuters Profile

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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