Thomson Reuters Corp $TRI Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 95.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,557 shares of the company’s stock after purchasing an additional 45,618 shares during the period. Vest Financial LLC’s holdings in Thomson Reuters were worth $7,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRI. Public Sector Pension Investment Board increased its stake in Thomson Reuters by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after buying an additional 100 shares during the period. Evergreen Capital Management LLC increased its position in shares of Thomson Reuters by 1.8% during the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock worth $757,000 after acquiring an additional 101 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Thomson Reuters by 0.6% in the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after acquiring an additional 103 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Thomson Reuters by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after acquiring an additional 130 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Thomson Reuters by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock valued at $871,000 after purchasing an additional 134 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Up 3.4%

Shares of Thomson Reuters stock opened at $106.07 on Friday. The business has a 50-day moving average price of $90.59 and a 200 day moving average price of $92.57. Thomson Reuters Corp has a fifty-two week low of $76.28 and a fifty-two week high of $180.00. The firm has a market cap of $46.21 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.51 and a beta of 0.75. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.

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

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.655 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is 69.68%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Argus started coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating on the stock. Scotiabank reiterated a “sector outperform” rating and set a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Bank of America decreased their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada lifted their price target 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. Finally, Barclays reaffirmed an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.83.

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.