Vest Financial LLC Acquires 58,165 Shares of Thomson Reuters Corp $TRI

Vest Financial LLC grew its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 62.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,722 shares of the company’s stock after buying an additional 58,165 shares during the quarter. Vest Financial LLC’s holdings in Thomson Reuters were worth $14,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Axxcess Wealth Management LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $221,000. Crossmark Global Holdings Inc. purchased a new stake in Thomson Reuters during the 3rd quarter valued at about $362,000. Guardian Partners Inc. grew its position in Thomson Reuters by 1.8% during the 3rd quarter. Guardian Partners Inc. now owns 20,433 shares of the company’s stock worth $1,991,000 after acquiring an additional 367 shares during the last quarter. Diversify Advisory Services LLC increased its stake in Thomson Reuters by 63.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,517 shares of the company’s stock worth $379,000 after purchasing an additional 1,365 shares during the period. Finally, Net Worth Advisory Group bought a new stake in Thomson Reuters in the third quarter valued at approximately $329,000. 17.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRI. Morgan Stanley set a $110.00 price objective on Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Royal Bank Of Canada lifted their target price on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Barclays lowered their price target on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Scotiabank reissued a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of $130.69.

Thomson Reuters Stock Up 6.9%

Shares of NASDAQ:TRI opened at $123.26 on Friday. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $164.30. The company has a market cap of $53.42 billion, a PE ratio of 27.64, a P/E/G ratio of 2.21 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s 50-day moving average is $102.97 and its 200 day moving average is $94.53.

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

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $0.6550 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a yield of 2.1%. Thomson Reuters’s dividend payout ratio (DPR) is presently 69.68%.

Thomson Reuters Profile

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.