Gulf International Bank UK Ltd Increases Stake in Thomson Reuters Co. $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 increased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2,723.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,978 shares of the business services provider's stock after buying 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 quarter.

A number of other institutional investors also recently added to or reduced their stakes in TRI. Brighton Jones LLC bought a new stake in Thomson Reuters during the fourth quarter valued at about $448,000. Invesco Ltd. boosted its position in Thomson Reuters by 5.6% during the fourth quarter. Invesco Ltd. now owns 144,229 shares of the business services provider's stock valued at $23,131,000 after purchasing an additional 7,590 shares in the last quarter. Renaissance Technologies LLC boosted its position in Thomson Reuters by 16.4% during the fourth quarter. Renaissance Technologies LLC now owns 24,800 shares of the business services provider's stock valued at $3,977,000 after purchasing an additional 3,500 shares in the last quarter. Barclays PLC boosted its position in Thomson Reuters by 49.9% during the fourth quarter. Barclays PLC now owns 53,233 shares of the business services provider's stock valued at $8,536,000 after purchasing an additional 17,717 shares in the last quarter. Finally, Mariner LLC boosted its position in Thomson Reuters by 1.2% during the fourth quarter. Mariner LLC now owns 40,406 shares of the business services provider's stock valued at $6,481,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $0.81 on Wednesday, reaching $175.77. 1,200,086 shares of the stock were exchanged, compared to its average volume of 887,388. 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 Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The firm has a market capitalization of $79.21 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 5.67 and a beta of 0.77. The business has a 50 day moving average price of $195.14 and a two-hundred day moving average price of $185.30.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's revenue was up 2.6% compared to the same quarter last year. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRI shares. Wells Fargo & Company dropped their price objective on Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Royal Bank Of Canada lowered their price target on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, TD Securities lowered their price target on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.