AustralianSuper Pty Ltd Makes New Investment in Thomson Reuters Co. $TRI

AustralianSuper Pty Ltd bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 128,599 shares of the business services provider’s stock, valued at approximately $19,964,000.

Other large investors have also modified their holdings of the company. Curio Wealth LLC grew its stake in Thomson Reuters by 16,200.0% in the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after purchasing an additional 162 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in Thomson Reuters during the second quarter valued at approximately $34,000. Ameritas Advisory Services LLC bought a new position in Thomson Reuters during the 2nd quarter worth approximately $37,000. AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 3.9%

Thomson Reuters stock opened at $112.76 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a one year low of $111.84 and a one year high of $218.42. The company has a 50-day simple moving average of $129.30 and a 200-day simple moving average of $155.14. The firm has a market capitalization of $50.17 billion, a P/E ratio of 23.06, a P/E/G ratio of 5.67 and a beta of 0.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data 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. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Thomson Reuters’s payout ratio is 61.18%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research analyst reports. Huber Research upgraded Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company dropped their target price on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Morgan Stanley set a $165.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, CIBC set a $183.00 target price on shares of Thomson Reuters and gave the stock an “outperformer” rating in a report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.55.

About Thomson Reuters

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.