Benjamin Edwards Inc. Has $38.54 Million Position in Thomson Reuters Corp $TRI

Key Points

• Benjamin Edwards Inc. increased its stake in Thomson Reuters by 43.3% in Q4, buying 88,085 shares to hold 291,641 shares worth $38.54 million, about 0.07% of the company.
• Thomson Reuters reported Q4 EPS of $1.07 (beating estimates by $0.01) with $2.01B in revenue, a 20.09% net margin and 14.51% ROE; analysts have a consensus rating of "Moderate Buy" and an average target of $148.23, with projected full‑year EPS of 4.4.
• The company raised its quarterly dividend to $0.655 ($2.62 annual, yield 2.8%), and trades at a P/E of 28.35 with a market cap of $41.82B and a 52‑week range of $79.71–$218.42.

Benjamin Edwards Inc. grew its position in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 43.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,641 shares of the company's stock after buying an additional 88,085 shares during the quarter. Benjamin Edwards Inc. owned 0.07% of Thomson Reuters worth $38,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its holdings in shares of Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company's stock valued at $39,000 after purchasing an additional 83 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company's stock valued at $52,000 after purchasing an additional 169 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at approximately $57,000. UMB Bank n.a. grew its holdings in shares of Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company's stock valued at $69,000 after purchasing an additional 77 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Thomson Reuters by 22.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 609 shares of the company's stock valued at $95,000 after purchasing an additional 113 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 1.3%

TRI opened at $94.41 on Friday. Thomson Reuters Corp has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $41.82 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.41 and a beta of 0.81. The company's 50 day moving average price is $93.63 and its two-hundred day moving average price is $116.71.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, research analysts predict that Thomson Reuters Corp will post 4.4 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.60. Thomson Reuters's payout ratio is presently 78.68%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TRI shares. Weiss Ratings lowered shares of Thomson Reuters from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, April 20th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the company an "outperformer" rating in a report on Friday, January 16th. TD Securities reaffirmed a "buy" rating on shares of Thomson Reuters in a report on Friday, February 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating and set a $126.00 price target on the stock in a report on Tuesday, February 10th. Finally, Bank of America lifted their price target on shares of Thomson Reuters from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of "Moderate Buy" and an average target price of $148.23.

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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