Lombard Odier Asset Management USA Corp Has $1.72 Million Stake in Thomson Reuters Corp $TRI

Lombard Odier Asset Management USA Corp trimmed its stake in Thomson Reuters Corp (NASDAQ:TRI) by 39.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,102 shares of the company’s stock after selling 7,355 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Thomson Reuters were worth $1,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Thomson Reuters by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,690,956 shares of the company’s stock valued at $883,680,000 after purchasing an additional 73,725 shares in the last quarter. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth about $865,442,000. LCC Family Corp. acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth about $813,253,000. SEG Family Corp. bought a new position in Thomson Reuters during the 2nd quarter valued at about $659,930,000. Finally, Invesco Ltd. lifted its holdings in Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TRI shares. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thomson Reuters in a research note on Monday, December 29th. Scotiabank reissued an “outperform” rating and issued a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a report on Friday, February 6th. Bank of America increased their price target on Thomson Reuters from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.42.

Thomson Reuters Stock Down 0.2%

Shares of TRI opened at $96.13 on Tuesday. The business’s fifty day moving average price is $105.73 and its two-hundred day moving average price is $133.36. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.44 and a beta of 0.81. Thomson Reuters Corp has a 52 week low of $79.71 and a 52 week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.655 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.62 annualized dividend and a yield of 2.7%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

Thomson Reuters 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.