Midwest Trust Co Acquires New Holdings in Thomson Reuters Co. $TRI

Midwest Trust Co bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,867 shares of the business services provider’s stock, valued at approximately $376,000.

Several other large investors also recently made changes to their positions in TRI. Cullen Frost Bankers Inc. boosted 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 buying an additional 139 shares during the period. Curio Wealth LLC raised its stake in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares in the last quarter. Westside Investment Management Inc. acquired a new position in Thomson Reuters during the 2nd quarter worth $34,000. Ameritas Advisory Services LLC bought a new position in shares of Thomson Reuters in the second quarter worth $37,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Thomson Reuters by 41.3% during 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. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRI. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. CIBC set a $198.00 price target on shares of Thomson Reuters and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research note on Tuesday, November 4th. Huber Research upgraded shares of Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada cut their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Stock Performance

Shares of TRI opened at $138.28 on Thursday. The firm’s 50 day moving average is $157.72 and its 200-day moving average is $179.85. The stock has a market capitalization of $61.76 billion, a P/E ratio of 28.28, 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 current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 12-month low of $134.50 and a 12-month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. Thomson Reuters has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Thomson Reuters’s payout ratio is presently 61.18%.

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.