Swiss National Bank Has $70.47 Million Stock Holdings in Thomson Reuters Co. $TRI

Swiss National Bank decreased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 453,655 shares of the business services provider’s stock after selling 25,200 shares during the quarter. Swiss National Bank’s holdings in Thomson Reuters were worth $70,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter worth about $448,000. AQR Capital Management LLC raised its stake in shares of Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 3,988 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Thomson Reuters during the first quarter worth approximately $205,000. Bank of New York Mellon Corp grew its holdings in Thomson Reuters by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 214,304 shares of the business services provider’s stock valued at $43,103,000 after purchasing an additional 10,370 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Thomson Reuters by 25.3% during the second quarter. Savant Capital LLC now owns 4,080 shares of the business services provider’s stock valued at $821,000 after purchasing an additional 823 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE:TRI opened at $103.11 on Thursday. 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 firm has a 50-day moving average price of $107.64 and a 200 day moving average price of $135.32. The firm has a market capitalization of $45.89 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81. Thomson Reuters Co. has a 12-month low of $79.71 and a 12-month high of $218.42.

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 for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. Research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Wall Street Analyst Weigh In

TRI has been the subject of several recent analyst reports. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective for the company in a report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price target on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Canaccord Genuity Group dropped their price objective on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce set a $183.00 target price on Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. Finally, UBS Group set a $131.50 price target on Thomson Reuters in a report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.42.

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.