Lido Advisors LLC Has $2.25 Million Stock Holdings in Thomson Reuters Corp $TRI

Lido Advisors LLC decreased its stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 45.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,998 shares of the company's stock after selling 20,810 shares during the quarter. Lido Advisors LLC's holdings in Thomson Reuters were worth $2,249,000 at the end of the most recent quarter.

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A number of other institutional investors also recently modified their holdings of TRI. Brighton Jones LLC acquired a new stake in Thomson Reuters during the fourth quarter valued at $448,000. AQR Capital Management LLC grew its stake in Thomson Reuters by 30.3% in the first quarter. AQR Capital Management LLC now owns 17,152 shares of the company's stock valued at $2,964,000 after purchasing an additional 3,988 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Thomson Reuters in the 1st quarter worth about $205,000. Prudential Financial Inc. acquired a new position in Thomson Reuters in the 2nd quarter worth about $234,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth about $646,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRI shares. Weiss Ratings lowered Thomson Reuters from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, June 23rd. Argus began coverage on Thomson Reuters in a report on Wednesday, April 22nd. They issued a "hold" rating on the stock. Bank of America reduced their target price on shares of Thomson Reuters from $115.00 to $98.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. TD Securities reissued a "buy" rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Finally, Scotiabank set a $138.00 price target on shares of Thomson Reuters and gave the stock a "sector outperform" rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.92.

Thomson Reuters Stock Performance

TRI opened at $90.15 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $39.27 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.77. The stock has a 50-day moving average of $86.04 and a 200-day moving average of $95.05. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-week high of $206.45.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters's dividend payout ratio is currently 76.16%.

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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