Thomson Reuters Co. $TRI Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,690,956 shares of the business services provider’s stock after buying an additional 73,725 shares during the quarter. Vanguard Group Inc.’s holdings in Thomson Reuters were worth $883,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Curio Wealth LLC raised its position in shares of 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 stake in shares of Thomson Reuters during the second quarter worth $34,000. AlphaCore Capital LLC bought a new position in shares of Thomson Reuters in the 2nd quarter worth about $39,000. Cullen Frost Bankers Inc. boosted 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 buying an additional 83 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $57,000. 17.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group set a $131.50 target price on Thomson Reuters in a research note on Friday, February 6th. Morgan Stanley set a $116.00 price objective on Thomson Reuters in a research note on Friday, February 6th. Wells Fargo & Company set a $140.00 target price on Thomson Reuters and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group set a $111.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Saturday, February 7th. Finally, BMO Capital Markets set a $165.00 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average price target of $156.42.

Thomson Reuters Stock Down 2.3%

Shares of Thomson Reuters stock opened at $83.20 on Monday. 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 1-year low of $81.91 and a 1-year high of $218.42. The business’s fifty day moving average price is $115.79 and its two-hundred day moving average price is $141.75. The company has a market capitalization of $37.03 billion, a P/E ratio of 17.01, a PEG ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s payout ratio is presently 78.68%.

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.