Sound View Wealth Advisors Group LLC purchased a new stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,233 shares of the business services provider’s stock, valued at approximately $356,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC grew its holdings in Thomson Reuters by 75.2% during the first quarter. Squar Milner Financial Services LLC now owns 382 shares of the business services provider’s stock worth $25,000 after purchasing an additional 164 shares during the period. Jacobi Capital Management LLC increased its position in Thomson Reuters by 4,434.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 16,413 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 16,051 shares during the period. Lindbrook Capital LLC boosted its holdings in Thomson Reuters by 50.8% in the second quarter. Lindbrook Capital LLC now owns 739 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 249 shares during the last quarter. NEXT Financial Group Inc boosted its position in Thomson Reuters by 52.4% during the first quarter. NEXT Financial Group Inc now owns 800 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 275 shares during the last quarter. Finally, Cognios Capital LLC acquired a new position in shares of Thomson Reuters during the 1st quarter valued at $70,000. 19.82% of the stock is owned by hedge funds and other institutional investors.
Shares of TRI traded up $0.68 during trading hours on Thursday, reaching $76.68. 14,975 shares of the company traded hands, compared to its average volume of 511,538. The stock has a fifty day simple moving average of $70.46 and a 200 day simple moving average of $70.44. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $37.54 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 3.46 and a beta of 0.48. Thomson Reuters Corp has a fifty-two week low of $52.23 and a fifty-two week high of $82.50.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Wednesday, August 5th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Thomson Reuters had a return on equity of 8.49% and a net margin of 27.01%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Research analysts predict that Thomson Reuters Corp will post 1.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s payout ratio is currently 117.83%.
Several research analysts have weighed in on TRI shares. JPMorgan Chase & Co. cut their price objective on Thomson Reuters from $80.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. BMO Capital Markets downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. They noted that the move was a valuation call. ValuEngine cut Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Scotiabank lifted their target price on shares of Thomson Reuters from $71.00 to $72.00 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Finally, TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $83.10.
Thomson Reuters Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.
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