8,116 Shares in Thomson Reuters Corp $TRI Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, HoldingsChannel.com reports. The firm bought 8,116 shares of the company’s stock, valued at approximately $663,000.

Several other large investors have also added to or reduced their stakes in the company. Bank of Nova Scotia purchased a new stake in shares of Thomson Reuters in the second quarter worth $51,193,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at $243,000. CFO4Life Group LLC purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at $239,000. Quantbot Technologies LP bought a new position in Thomson Reuters in the 2nd quarter worth $785,000. Finally, Korea Investment CORP bought a new position in Thomson Reuters in the 2nd quarter worth $2,054,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the topic of a number of recent analyst reports. Scotiabank reissued a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a report on Thursday, August 6th. Barclays reaffirmed an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Weiss Ratings upgraded Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Bank of America decreased their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, Scotia lowered their price target on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of $131.57.

Thomson Reuters Stock Performance

Shares of NASDAQ TRI opened at $106.22 on Friday. The company has a market cap of $46.27 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.54 and a beta of 0.75. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-week high of $180.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s fifty day moving average is $95.65 and its two-hundred day moving average is $92.46.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. As a group, analysts anticipate that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $0.655 dividend. 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 payout ratio is currently 69.68%.

Thomson Reuters Company 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.