Vise Technologies Inc. Invests $646,000 in Thomson Reuters Corp $TRI

Vise Technologies Inc. bought a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, Holdings Channel.com reports. The fund bought 7,913 shares of the company’s stock, valued at approximately $646,000.

A number of other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in Thomson Reuters during the fourth quarter worth $30,000. Timmons Wealth Management LLC acquired a new stake in shares of Thomson Reuters during the 4th quarter worth about $42,000. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter worth about $43,000. Western Wealth Management LLC acquired a new position in Thomson Reuters in the 1st quarter valued at about $48,000. Finally, J.Safra Asset Management Corp acquired a new position in Thomson Reuters in the 4th quarter valued at about $56,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NASDAQ TRI opened at $105.53 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The company has a market cap of $45.97 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.55 and a beta of 0.75. The company has a 50 day moving average of $93.08 and a 200-day moving average of $91.99. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $180.00.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Thomson Reuters Corp will post 4.45 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 69.68%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRI. Scotiabank restated a “sector outperform” rating and set a $135.00 price objective on shares of Thomson Reuters in a research report on Thursday, August 6th. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. 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 report on Tuesday, May 19th. Finally, Royal Bank Of Canada boosted their price target on Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.83.

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.