Nykredit A S Purchases New Position in Thomson Reuters Corp $TRI

Key Points

• Nykredit A/S purchased 43,462 shares of Thomson Reuters in the second quarter, establishing a new position valued at approximately $3.55 million. Institutional investors collectively own 17.31% of the company.
• Thomson Reuters exceeded quarterly expectations, reporting $0.99 in earnings per share on $1.93 billion in revenue, with revenue rising 9.5% year over year.
• The stock recently traded at $95.66, while analysts maintain a “Moderate Buy” consensus and an average price target of $131.57; the company also pays a quarterly dividend of $0.655, yielding about 2.7% annually.

Nykredit A S purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,462 shares of the company's stock, valued at approximately $3,549,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. Western Wealth Management LLC purchased a new position in shares of Thomson Reuters in the first quarter worth about $48,000. Continuum Advisory LLC purchased a new position in Thomson Reuters in the 2nd quarter worth approximately $45,000. Hantz Financial Services Inc. boosted its holdings in shares of Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company's stock worth $88,000 after purchasing an additional 607 shares during the last quarter. Allworth Financial LP grew its position in shares of Thomson Reuters by 72.8% in the fourth quarter. Allworth Financial LP now owns 700 shares of the company's stock valued at $92,000 after purchasing an additional 295 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Thomson Reuters by 38.0% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 730 shares of the company's stock valued at $96,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.2%

Shares of TRI opened at $95.66 on Wednesday. The stock has a market capitalization of $41.44 billion, a PE ratio of 25.47, a P/E/G ratio of 1.83 and a beta of 0.74. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $164.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The company's 50-day simple moving average is $100.92 and its 200-day simple moving average is $93.53.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Analysts forecast that Thomson Reuters Corp will post 4.48 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 69.68%.

Analyst Upgrades and Downgrades

TRI has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on Thomson Reuters from $121.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Barclays lowered their price target on shares of Thomson Reuters from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 8th. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the company an "equal weight" rating in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Thomson Reuters from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 24th. Finally, TD Securities reaffirmed a "buy" rating on shares of Thomson Reuters in a research note on Thursday, August 6th. 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.57.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company's offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.

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