Lombard Odier Asset Management Switzerland SA Sells 7,165 Shares of Thomson Reuters Corp $TRI

Lombard Odier Asset Management Switzerland SA lessened its position in Thomson Reuters Corp (NASDAQ:TRI) by 46.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,186 shares of the company’s stock after selling 7,165 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Thomson Reuters were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Thomson Reuters in the fourth quarter worth $30,000. Timmons Wealth Management LLC bought a new stake in shares of Thomson Reuters during the 4th quarter valued at $42,000. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter valued at $43,000. J.Safra Asset Management Corp purchased a new stake in shares of Thomson Reuters in the 4th quarter worth about $56,000. Finally, Hantz Financial Services Inc. grew its position in shares of Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after buying an additional 607 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TRI shares. Bank of America lowered their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group set a $185.74 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus price target of $143.92.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $103.29 on Wednesday. Thomson Reuters Corp has a one year low of $76.28 and a one year high of $204.46. The company’s 50-day moving average is $86.52 and its 200 day moving average is $94.62. The company has a market capitalization of $44.99 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.45 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 (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. Thomson Reuters’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. Sell-side analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

About Thomson Reuters

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.