Van Lanschot Kempen Investment Management N.V. Grows Stake 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. raised its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 30.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,156 shares of the business services provider's stock after acquiring an additional 5,453 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Thomson Reuters were worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of Thomson Reuters by 1.5% in the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock valued at $770,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Thomson Reuters by 41.3% in the first 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 period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after purchasing an additional 84 shares during the period. Sara Bay Financial increased its holdings in shares of Thomson Reuters by 3.3% in the first quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock valued at $560,000 after purchasing an additional 104 shares during the period. Finally, Spire Wealth Management increased its holdings in shares of Thomson Reuters by 5.3% in the first quarter. Spire Wealth Management now owns 2,074 shares of the business services provider's stock valued at $358,000 after purchasing an additional 105 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRI. Royal Bank Of Canada decreased their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Barclays boosted their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Scotiabank upgraded shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $194.20.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded up $2.46 during trading hours on Friday, reaching $178.55. The stock had a trading volume of 1,237,461 shares, compared to its average volume of 890,218. The stock's 50 day moving average is $194.39 and its 200 day moving average is $185.42. The firm has a market capitalization of $80.46 billion, a PE ratio of 36.51, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. 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 issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

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

About Thomson Reuters

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.