Paragon Capital Management Inc. Acquires New Holdings in Thomson Reuters Corp $TRI

Paragon Capital Management Inc. bought a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 11,082 shares of the company’s stock, valued at approximately $997,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRI. Brighton Jones LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $448,000. AQR Capital Management LLC raised its position in shares of Thomson Reuters by 30.3% during the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock worth $2,964,000 after purchasing an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Thomson Reuters in the 1st quarter valued at approximately $205,000. Prudential Financial Inc. purchased a new stake in Thomson Reuters in the 2nd quarter valued at approximately $234,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Thomson Reuters during the 2nd quarter valued at $646,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent research reports. Bank of America dropped their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company upped their price objective on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group set a $185.74 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Stock Down 2.6%

Shares of NASDAQ TRI opened at $76.55 on Tuesday. The firm has a market cap of $33.39 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $218.42. The firm’s 50 day moving average price is $87.20 and its 200 day moving average price is $102.68.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.12 EPS. Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is presently 76.16%.

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.