Legal & General Group Plc purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 910,109 shares of the company's stock, valued at approximately $74,310,000. Legal & General Group Plc owned about 0.21% of Thomson Reuters as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Thomson Reuters in the 4th quarter valued at $30,000. Timmons Wealth Management LLC purchased a new position in shares of Thomson Reuters during the 4th quarter worth $42,000. Montag A & Associates Inc. acquired a new position in shares of Thomson Reuters during the 4th quarter valued at about $43,000. Western Wealth Management LLC acquired a new position in shares of Thomson Reuters during the 1st quarter valued at about $48,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Stock Performance
NASDAQ TRI opened at $104.78 on Friday. The stock has a fifty 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. The stock has a market cap of $45.64 billion, a PE ratio of 27.89, a P/E/G ratio of 1.50 and a beta of 0.75. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00.
Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings data 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 net margin of 21.22% and a return on equity of 15.82%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.87 EPS. Thomson Reuters's revenue was up 9.5% on a year-over-year basis. Equities analysts anticipate that Thomson Reuters Corp will post 4.45 earnings per share for the current year.
Thomson Reuters Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters's payout ratio is 69.68%.
Analyst Ratings Changes
Several research firms recently issued reports on TRI. Scotiabank restated a "sector outperform" rating and set a $135.00 price objective on shares of Thomson Reuters in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Thomson Reuters from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday. Royal Bank Of Canada increased their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Canaccord Genuity Group cut their price target on shares of Thomson Reuters from $134.00 to $132.50 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Barclays reaffirmed an "overweight" rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.57.
Check Out Our Latest Stock Analysis on TRI
About Thomson Reuters
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Free Report)
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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