SG Americas Securities LLC Acquires 128,139 Shares of Thomson Reuters Corp $TRI

SG Americas Securities LLC grew its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 1,310.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,916 shares of the company’s stock after purchasing an additional 128,139 shares during the quarter. SG Americas Securities LLC’s holdings in Thomson Reuters were worth $18,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRI. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters in the 2nd quarter worth $865,442,000. LCC Family Corp. bought a new stake in Thomson Reuters during the second quarter valued at about $813,253,000. SEG Family Corp. bought a new stake in Thomson Reuters during the second quarter valued at about $659,930,000. Invesco Ltd. grew its stake in Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Finally, Norges Bank purchased a new position in Thomson Reuters in the second quarter valued at about $275,036,000. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets set a $165.00 price target on shares of Thomson Reuters in a report on Friday, February 6th. Morgan Stanley set a $116.00 price objective on shares of Thomson Reuters in a research note on Friday, February 6th. The Goldman Sachs Group set a $111.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. Scotiabank restated an “outperform” rating and issued a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.96.

Thomson Reuters Price Performance

NASDAQ TRI opened at $89.43 on Friday. The company has a market cap of $39.80 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.35 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. The stock’s fifty day moving average price is $99.19 and its 200 day moving average price is $128.62. Thomson Reuters Corp has a 1 year low of $79.71 and a 1 year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $0.655 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.9%. Thomson Reuters’s dividend payout ratio is currently 78.68%.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.