Thomson Reuters Co. $TRI Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 148.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,944 shares of the business services provider’s stock after acquiring an additional 13,114 shares during the period. Osaic Holdings Inc.’s holdings in Thomson Reuters were worth $4,236,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRI. Picton Mahoney Asset Management purchased a new stake in Thomson Reuters in the 2nd quarter valued at about $98,539,000. Beck Bode LLC purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at approximately $16,505,000. Aviva PLC increased its holdings in Thomson Reuters by 6.8% in the 2nd quarter. Aviva PLC now owns 116,819 shares of the business services provider’s stock valued at $23,487,000 after purchasing an additional 7,441 shares during the last quarter. Swiss National Bank grew its stake in shares of Thomson Reuters by 6.9% in the second quarter. Swiss National Bank now owns 478,855 shares of the business services provider’s stock valued at $95,925,000 after buying an additional 30,800 shares in the last quarter. Finally, Harvest Portfolios Group Inc. purchased a new stake in Thomson Reuters during the second quarter worth about $653,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. Huber Research upgraded shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. JPMorgan Chase & Co. decreased their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Canaccord Genuity Group set a $174.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday, November 4th. CIBC set a $198.00 price target on Thomson Reuters and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Morgan Stanley set a $165.00 target price on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.64.

Thomson Reuters Stock Performance

Shares of TRI opened at $133.10 on Thursday. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. Thomson Reuters Co. has a 52-week low of $128.16 and a 52-week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $140.94 and a 200 day moving average price of $167.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (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 analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. Research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

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

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.