Vanguard Group Inc. Raises Stock Holdings in Thomson Reuters Corp $TRI

Key Points

• Vanguard Group raised its stake in Thomson Reuters by 1.5% to 5,776,640 shares (about 1.30% of the company), worth approximately $762.32 million.
• Analysts hold a consensus rating of "Moderate Buy" with an average target price of $148.23, though individual targets vary widely (e.g., UBS $183 vs. JPMorgan $100).
• Thomson Reuters lifted its quarterly dividend to $0.655 (annualized $2.62, yield ~2.8%) and reported quarterly EPS of $1.07 on $2.01 billion in revenue.

Vanguard Group Inc. raised its position in shares of Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,776,640 shares of the company's stock after acquiring an additional 85,684 shares during the period. Vanguard Group Inc. owned approximately 1.30% of Thomson Reuters worth $762,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TRI. Cullen Frost Bankers Inc. raised its holdings in shares of Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company's stock worth $39,000 after acquiring an additional 83 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company's stock worth $52,000 after acquiring an additional 169 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $57,000. UMB Bank n.a. raised its holdings in shares of Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company's stock worth $69,000 after acquiring an additional 77 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Thomson Reuters by 22.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 609 shares of the company's stock worth $95,000 after acquiring an additional 113 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised Thomson Reuters from a "sector perform" rating to an "outperform" rating and set a $126.00 target price on the stock in a research report on Tuesday, February 10th. UBS Group set a $183.00 target price on Thomson Reuters and gave the company a "buy" rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on Thomson Reuters from $160.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, February 6th. TD Securities reissued a "buy" rating on shares of Thomson Reuters in a research report on Friday, February 6th. Finally, Canaccord Genuity Group cut their target price on Thomson Reuters from $174.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.23.

Thomson Reuters Stock Performance

NASDAQ TRI opened at $94.41 on Friday. The business's 50 day moving average price is $93.63 and its 200-day moving average price is $116.71. The company has a market cap of $41.82 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. Thomson Reuters Corp has a fifty-two week low of $79.71 and a fifty-two week high of $218.42.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%. Sell-side analysts predict that Thomson Reuters Corp will post 4.4 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.655 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.62 annualized dividend and a yield of 2.8%. Thomson Reuters's dividend payout ratio is currently 78.68%.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada's Thomson Corporation (founded in 1934) and the UK's Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.