Van Lanschot Kempen Investment Management N.V. Raises Stock Position in Thomson Reuters Co. $TRI

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its holdings in Thomson Reuters by 30.8%, now owning a total of 23,156 shares valued at approximately $4,001,000.
• The company reported a quarterly earnings per share (EPS) of $0.87, exceeding expectations, with revenue of $1.81 billion, up 2.6% year-over-year.
• Thomson Reuters announced a quarterly dividend of $0.595 per share, yielding 1.4%, with payment scheduled for September 10th to shareholders of record by August 19th.

Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 30.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,156 shares of the business services provider's stock after purchasing an additional 5,453 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Thomson Reuters were worth $4,001,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRI. Cullen Frost Bankers Inc. grew its position in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Thomson Reuters during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. grew its position in 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 purchasing an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 acquiring an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 42.8% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after acquiring an additional 145 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NYSE TRI traded down $0.8850 on Monday, reaching $177.6650. 229,613 shares of the stock were exchanged, compared to its average volume of 886,022. Thomson Reuters Co. has a one year low of $151.60 and a one year high of $218.42. The firm has a market capitalization of $80.06 billion, a PE ratio of 36.33, a PEG ratio of 5.67 and a beta of 0.77. The company's 50-day simple moving average is $194.39 and its two-hundred day simple moving average is $185.59. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 65.75%.

Analysts Set New Price Targets

TRI has been the topic of a number of recent analyst reports. CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 19th. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. Royal Bank Of Canada lowered their price objective on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.