Rakuten Investment Management Inc. Invests $957,000 in Thomson Reuters Co. $TRI

Rakuten Investment Management Inc. purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,163 shares of the business services provider’s stock, valued at approximately $957,000.

Other hedge funds also recently added to or reduced their stakes in the company. Curio Wealth LLC boosted its stake in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 162 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of Thomson Reuters during the second quarter valued at $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Thomson Reuters during the second quarter valued at $37,000. AlphaCore Capital LLC bought a new stake in Thomson Reuters in the 2nd quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Thomson Reuters in the 3rd quarter worth about $57,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRI. BMO Capital Markets reaffirmed an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada decreased their target price on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Finally, Scotiabank reissued an “outperform” rating and set a $189.00 price target (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus price target of $188.55.

Thomson Reuters Stock Up 1.3%

TRI opened at $123.40 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 1-year low of $118.64 and a 1-year high of $218.42. The company has a market capitalization of $54.91 billion, a PE ratio of 25.24, a PEG ratio of 5.67 and a beta of 0.80. The firm’s 50 day simple moving average is $130.63 and its two-hundred day simple moving average is $157.12.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a $0.595 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 1.9%. Thomson Reuters’s dividend payout ratio is presently 61.18%.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.