Thomson Reuters Co. $TRI Holdings Lifted by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC significantly increased its stake in Thomson Reuters Co. by 710.6%, owning 61,065 shares worth approximately $12.28 million as of its latest filing.
• Thomson Reuters reported a quarterly earnings per share (EPS) of $0.87, exceeding the consensus estimate by $0.04, alongside a revenue of $1.81 billion.
• The firm declared a quarterly dividend of $0.595 per share, representing a 1.6% yield, with a 65.75% dividend payout ratio.

Janney Montgomery Scott LLC lifted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 710.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,065 shares of the business services provider's stock after acquiring an additional 53,532 shares during the period. Janney Montgomery Scott LLC's holdings in Thomson Reuters were worth $12,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in shares of Thomson Reuters by 1.5% in the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after acquiring an additional 68 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after acquiring an additional 69 shares during the period. Signaturefd LLC lifted its stake in shares of Thomson Reuters by 0.8% in the 2nd quarter. Signaturefd LLC now owns 8,426 shares of the business services provider's stock worth $1,695,000 after acquiring an additional 70 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Thomson Reuters by 1.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,011 shares of the business services provider's stock worth $1,206,000 after acquiring an additional 85 shares during the period. Finally, Tritonpoint Wealth LLC lifted its stake in shares of Thomson Reuters by 2.9% in the 2nd quarter. Tritonpoint Wealth LLC now owns 3,461 shares of the business services provider's stock worth $696,000 after acquiring an additional 98 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 1.0%

Thomson Reuters stock opened at $152.98 on Friday. The firm has a market cap of $68.69 billion, a PE ratio of 31.28, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm's 50 day moving average price is $174.27 and its two-hundred day moving average price is $183.87. Thomson Reuters Co. has a twelve month low of $149.88 and a twelve month high of $218.42.

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

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.6%. Thomson Reuters's dividend payout ratio is 65.75%.

Wall Street Analyst Weigh In

TRI has been the subject of several recent research reports. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $188.00 to $200.00 in a research note on Wednesday, August 6th. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Wells Fargo & Company raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $187.00 to $212.00 in a research note on Tuesday, September 9th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and increased their target price for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Finally, CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $202.82.

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.

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