Thomson Reuters Corp $TRI Shares Sold by Rathbones Group PLC

Rathbones Group PLC cut its stake in Thomson Reuters Corp (NASDAQ:TRI) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,186 shares of the company’s stock after selling 18,635 shares during the period. Rathbones Group PLC’s holdings in Thomson Reuters were worth $9,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TRI. Cullen Frost Bankers Inc. grew its stake in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after purchasing an additional 83 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Thomson Reuters by 100.0% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after purchasing an additional 169 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Thomson Reuters in the third quarter worth $57,000. UMB Bank n.a. grew its stake in shares of Thomson Reuters by 21.2% in the third quarter. UMB Bank n.a. now owns 441 shares of the company’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Thomson Reuters by 22.8% in the third quarter. Nisa Investment Advisors LLC now owns 609 shares of the company’s stock worth $95,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Canaccord Genuity Group decreased their price target on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. UBS Group set a $131.50 price target on Thomson Reuters in a research note 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 note on Tuesday, March 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $95.00 price target (down from $120.00) on shares of Thomson Reuters in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and an average target price of $147.96.

Thomson Reuters Trading Up 0.5%

Shares of TRI stock opened at $90.62 on Tuesday. The stock has a 50-day simple moving average of $95.32 and a 200 day simple moving average of $124.63. Thomson Reuters Corp has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The stock has a market capitalization of $40.33 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.34 and a beta of 0.83. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11.

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

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.655 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

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.