Hsbc Holdings PLC Reduces Holdings in Thomson Reuters Corp $TRI

Hsbc Holdings PLC lowered its stake in Thomson Reuters Corp (NASDAQ:TRI) by 74.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,772 shares of the company’s stock after selling 122,893 shares during the quarter. Hsbc Holdings PLC’s holdings in Thomson Reuters were worth $5,652,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Thomson Reuters by 9.9% in the fourth quarter. Invesco Ltd. now owns 2,476,965 shares of the company’s stock worth $326,687,000 after acquiring an additional 223,722 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Thomson Reuters by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 20,014 shares of the company’s stock valued at $2,640,000 after acquiring an additional 1,107 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Thomson Reuters during the fourth quarter valued at $2,112,000. Coastal Bridge Advisors LLC boosted its stake in shares of Thomson Reuters by 7.8% during the fourth quarter. Coastal Bridge Advisors LLC now owns 6,184 shares of the company’s stock valued at $816,000 after acquiring an additional 445 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Thomson Reuters during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRI shares. Barclays reissued an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Argus began coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They issued a “hold” rating for the company. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Finally, TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.84.

Thomson Reuters Stock Up 3.5%

Shares of NASDAQ:TRI opened at $83.87 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a market cap of $36.58 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.25 and a beta of 0.77. The stock’s 50-day moving average price is $86.60 and its two-hundred day moving average price is $101.40. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 EPS. On average, research analysts forecast that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. Thomson Reuters’s dividend payout ratio (DPR) is currently 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.