Citigroup Inc. Has $53.39 Million Position in Thomson Reuters Co. $TRI

Citigroup Inc. lifted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 326.6% during the 3rd quarter, Holdings Channel reports. The firm owned 343,732 shares of the business services provider’s stock after purchasing an additional 263,165 shares during the quarter. Citigroup Inc.’s holdings in Thomson Reuters were worth $53,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TRI. Brighton Jones LLC bought a new stake in Thomson Reuters in the fourth quarter valued at approximately $448,000. AQR Capital Management LLC raised its stake in Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 3,988 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Thomson Reuters during the 1st quarter valued at $205,000. D.A. Davidson & CO. boosted its position in Thomson Reuters by 13.6% during the second quarter. D.A. Davidson & CO. now owns 2,739 shares of the business services provider’s stock worth $551,000 after purchasing an additional 327 shares during the period. Finally, Ethic Inc. acquired a new position in shares of Thomson Reuters in the second quarter valued at $217,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRI shares. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective for the company in a research report on Tuesday, February 10th. UBS Group set a $131.50 price objective on Thomson Reuters in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Wells Fargo & Company set a $140.00 price target on Thomson Reuters and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Stock Down 2.8%

Shares of TRI opened at $80.86 on Tuesday. Thomson Reuters Co. has a 12 month low of $79.71 and a 12 month high of $218.42. The firm’s 50 day moving average is $114.77 and its 200-day moving average is $141.04. The stock has a market capitalization of $35.98 billion, a PE ratio of 16.54, a P/E/G ratio of 5.67 and a beta of 0.79. 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 (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $0.655 dividend. The ex-dividend date is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

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.