Wellington Management Group LLP Buys Shares of 9,041 Thomson Reuters Corp $TRI

Wellington Management Group LLP purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,041 shares of the company’s stock, valued at approximately $738,000.

A number of other institutional investors also recently modified their holdings of TRI. Empowered Funds LLC acquired a new stake in Thomson Reuters in the fourth quarter valued at about $30,000. Timmons Wealth Management LLC bought a new position in Thomson Reuters in the fourth quarter valued at about $42,000. J.Safra Asset Management Corp acquired a new position in Thomson Reuters during the fourth quarter worth about $56,000. Western Wealth Management LLC acquired a new position in Thomson Reuters during the first quarter worth about $48,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Thomson Reuters by 1,011.7% in the fourth quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. Canaccord Genuity Group cut their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Bank of America decreased their target price on shares of 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, Scotiabank reiterated a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $97.35 on Friday. The stock’s 50-day moving average is $99.67 and its 200-day moving average is $93.53. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $173.79. 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 stock has a market cap of $42.41 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.74.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $0.87 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Thomson Reuters Corp will post 4.48 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is 69.68%.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company’s offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.