Vanguard Personalized Indexing Management LLC Purchases 1,981 Shares of Thomson Reuters Co. $TRI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Thomson Reuters Co. by 15.7%, owning 14,566 shares valued at approximately $2.95 million after acquiring an additional 1,981 shares.
• Several analysts adjusted their price targets for Thomson Reuters, with Morgan Stanley lowering it from $197 to $187, while TD Securities upgraded the stock from "hold" to "buy" with a target of $285.
• Thomson Reuters declared a quarterly dividend of $0.595 per share, representing an annualized yield of 1.5%, with a dividend payout ratio of 65.75%.

Vanguard Personalized Indexing Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 15.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,566 shares of the business services provider's stock after buying an additional 1,981 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Thomson Reuters were worth $2,948,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its position in shares of Thomson Reuters by 772.2% during the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares during the period. Ameritas Advisory Services LLC bought a new stake in Thomson Reuters during the 2nd quarter valued at $37,000. SBI Securities Co. Ltd. raised its holdings in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after buying an additional 69 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Thomson Reuters in the second quarter valued at $77,000. Finally, Fifth Third Bancorp grew its holdings in shares of Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRI. Morgan Stanley lowered their target price on shares of Thomson Reuters from $197.00 to $187.00 and set an "equal weight" rating on the stock in a report on Thursday, September 11th. Royal Bank Of Canada lowered their price objective on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research note on Thursday, August 7th. CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. Canaccord Genuity Group increased their price target on Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Finally, TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating and raised their price objective for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $202.64.

Thomson Reuters Stock Up 3.0%

Shares of NYSE:TRI opened at $159.30 on Thursday. Thomson Reuters Co. has a 1 year low of $149.47 and a 1 year high of $218.42. The company has a market capitalization of $71.53 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The business has a fifty day moving average price of $167.01 and a two-hundred day moving average price of $182.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results 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. 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 the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business 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 1.5%. Thomson Reuters's dividend payout ratio (DPR) is presently 65.75%.

Thomson Reuters 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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