Gulf International Bank UK Ltd Has $1.55 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Key Points

• Gulf International Bank UK Ltd significantly increased its stake in Thomson Reuters Co. by 2,723.3%, holding 8,978 shares valued at approximately $1.55 million.
• Thomson Reuters recently reported better-than-expected earnings of $0.87 per share, exceeding consensus estimates, with quarterly revenue of $1.81 billion.
• The company declared a quarterly dividend of $0.595 per share, reflecting a yield of 1.4% and a payout ratio of 65.75%.

Gulf International Bank UK Ltd raised its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2,723.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,978 shares of the business services provider's stock after purchasing an additional 8,660 shares during the period. Gulf International Bank UK Ltd's holdings in Thomson Reuters were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in Thomson Reuters during the first quarter valued at approximately $626,000. Cambridge Investment Research Advisors Inc. raised its position in Thomson Reuters by 7.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock valued at $1,948,000 after purchasing an additional 776 shares in the last quarter. Callan Capital LLC acquired a new position in Thomson Reuters during the first quarter valued at approximately $244,000. Ameriprise Financial Inc. raised its position in Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock valued at $5,683,000 after purchasing an additional 313 shares in the last quarter. Finally, TD Asset Management Inc raised its position in Thomson Reuters by 15.7% during the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock valued at $951,477,000 after purchasing an additional 750,063 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

NYSE TRI opened at $167.81 on Friday. The company has a market capitalization of $75.62 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The stock has a fifty day simple moving average of $196.73 and a 200 day simple moving average of $185.13. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. Thomson Reuters's dividend payout ratio is 65.75%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. CIBC upped their price target on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a report on Monday, July 21st. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Royal Bank Of Canada lowered their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. TD Securities lowered their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. Finally, National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $194.20.

Thomson Reuters Company Profile

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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