Thomson Reuters Corp $TRI Stock Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Thomson Reuters Corp (NASDAQ:TRI) by 10.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 493,071 shares of the company’s stock after buying an additional 46,680 shares during the period. Bank of New York Mellon Corp’s holdings in Thomson Reuters were worth $65,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $43,000. Hantz Financial Services Inc. boosted its position in shares of Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after purchasing an additional 607 shares in the last quarter. Allworth Financial LP boosted its position in shares of Thomson Reuters by 72.8% during the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $92,000 after purchasing an additional 295 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Thomson Reuters by 53.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock valued at $96,000 after purchasing an additional 215 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of Thomson Reuters by 29.6% during the 4th quarter. Bayforest Capital Ltd now owns 827 shares of the company’s stock valued at $109,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

TRI has been the subject of a number of analyst reports. Weiss Ratings raised shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Bank of America reduced their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Price Performance

NASDAQ TRI opened at $82.32 on Wednesday. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. The company has a 50 day simple moving average of $89.06 and a 200-day simple moving average of $106.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters Corp has a 52-week low of $78.60 and a 52-week high of $218.42.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.05. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. Equities research analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.

About Thomson Reuters

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.