Nuveen LLC Purchases Shares of 134,034 Thomson Reuters Co. $TRI

Key Points

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Nuveen LLC bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,034 shares of the business services provider's stock, valued at approximately $23,126,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TRI. Rhumbline Advisers grew its position in shares of Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock valued at $770,000 after buying an additional 68 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares during the last quarter. Sara Bay Financial grew its position in shares of Thomson Reuters by 3.3% during the 1st quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock valued at $560,000 after buying an additional 104 shares during the last quarter. Finally, Spire Wealth Management grew its position in shares of Thomson Reuters by 5.3% during the 1st quarter. Spire Wealth Management now owns 2,074 shares of the business services provider's stock valued at $358,000 after buying an additional 105 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded up $2.88 during trading hours on Friday, hitting $178.97. 805,211 shares of the stock were exchanged, compared to its average volume of 887,237. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company's 50 day moving average is $194.72 and its 200 day moving average is $185.34. The firm has a market capitalization of $80.65 billion, a P/E ratio of 36.59, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a one year low of $151.60 and a one year high of $218.42.

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

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a $0.595 dividend. 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 1.3%. Thomson Reuters's dividend payout ratio is 65.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRI shares. CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research note on Tuesday. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. Royal Bank Of Canada cut their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company 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.