Woodbridge Co Ltd Grows Stock Holdings in Thomson Reuters Co. $TRI

Woodbridge Co Ltd grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,638,534 shares of the business services provider’s stock after acquiring an additional 45,358 shares during the period. Thomson Reuters comprises approximately 98.6% of Woodbridge Co Ltd’s holdings, making the stock its largest position. Woodbridge Co Ltd owned about 0.67% of Thomson Reuters worth $46,698,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AlphaCore Capital LLC bought a new position in Thomson Reuters in the 2nd quarter worth $39,000. Cullen Frost Bankers Inc. raised its stake in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after buying an additional 83 shares during the period. Westside Investment Management Inc. raised its stake in Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the business services provider’s stock worth $52,000 after acquiring an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Thomson Reuters during the third quarter valued at approximately $57,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Thomson Reuters by 30.9% in the second 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 during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRI has been the topic of a number of analyst reports. UBS Group set a $131.50 target price on shares of Thomson Reuters in a research note on Friday, February 6th. Morgan Stanley set a $116.00 target price on Thomson Reuters in a research note on Friday, February 6th. BMO Capital Markets set a $165.00 target price on shares of Thomson Reuters in a report on Friday, February 6th. Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and an average price target of $156.42.

Thomson Reuters Price Performance

TRI stock opened at $111.46 on Friday. Thomson Reuters Co. has a 52 week low of $79.71 and a 52 week high of $218.42. The firm has a market capitalization of $49.60 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81. The company has a fifty day simple moving average of $109.24 and a two-hundred day simple moving average of $137.06. 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 Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 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 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.655 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.4%. Thomson Reuters’s payout ratio is presently 78.68%.

Thomson Reuters Company 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.