Dearborn Partners LLC Has $16.04 Million Stock Holdings in Thomson Reuters Corp $TRI

Key Points

• Dearborn Partners cut its Thomson Reuters stake by 13.2% in the second quarter, selling 29,741 shares and retaining 196,417 shares valued at approximately $16.04 million. Institutional investors collectively own 17.31% of the company.
• Thomson Reuters exceeded quarterly expectations, reporting $0.99 EPS versus a $0.96 consensus and $1.93 billion in revenue, up 9.5% year over year. The company also declared a quarterly dividend of $0.655, equivalent to a 2.5% annual yield.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $131.57, substantially above the reported share price of $104.78, despite several analysts recently lowering their targets.

Dearborn Partners LLC trimmed its stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,417 shares of the company's stock after selling 29,741 shares during the quarter. Dearborn Partners LLC's holdings in Thomson Reuters were worth $16,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Thomson Reuters during the fourth quarter worth $448,000. AQR Capital Management LLC raised its position in 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 Thomson Reuters in the first quarter valued at $205,000. Prudential Financial Inc. acquired a new stake in Thomson Reuters in the second quarter valued at $234,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Thomson Reuters in the 2nd quarter valued at about $646,000. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $104.78 on Friday. The stock has a market cap of $45.64 billion, a P/E ratio of 27.89, a PEG ratio of 1.50 and a beta of 0.75. The stock has a 50 day simple moving average of $95.10 and a 200 day simple moving average of $92.37. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $180.00.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $0.87 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Dividend Announcement

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

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Canaccord Genuity Group lowered their price target on Thomson Reuters from $134.00 to $132.50 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Royal Bank Of Canada upped their price objective on Thomson Reuters from $121.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Scotia decreased their target price 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. Finally, Scotiabank restated a "sector outperform" rating and issued a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.57.

Thomson Reuters Company 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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