Cumberland Partners Ltd Lowers Holdings in Thomson Reuters Co. $TRI

Cumberland Partners Ltd decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,254 shares of the business services provider’s stock after selling 427 shares during the period. Thomson Reuters comprises 1.6% of Cumberland Partners Ltd’s portfolio, making the stock its 20th largest holding. Cumberland Partners Ltd’s holdings in Thomson Reuters were worth $22,767,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PFG Investments LLC increased its holdings in Thomson Reuters by 2.2% in the second quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock valued at $535,000 after buying an additional 57 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Thomson Reuters by 4.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider’s stock worth $284,000 after buying an additional 62 shares during the last quarter. Rhumbline Advisers increased its holdings in Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after acquiring an additional 68 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Thomson Reuters by 0.8% in the second quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 70 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Thomson Reuters by 30.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after purchasing an additional 73 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

TRI opened at $134.31 on Thursday. Thomson Reuters Co. has a 52-week low of $132.58 and a 52-week high of $218.42. The company has a 50 day moving average of $154.04 and a two-hundred day moving average of $178.21. The company has a market cap of $59.99 billion, a P/E ratio of 27.47, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 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 $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. On average, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, November 18th. Thomson Reuters’s payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRI shares. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and lifted their price target for the stock from $275.00 to $285.00 in a report on Thursday, August 28th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley set a $172.00 target price on shares of Thomson Reuters in a report 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 note on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.27.

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.