Clearbridge Investments LLC Takes Position in Thomson Reuters Corp $TRI

Clearbridge Investments LLC bought a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 234,156 shares of the company’s stock, valued at approximately $30,883,000. Clearbridge Investments LLC owned about 0.05% of Thomson Reuters as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Syon Capital LLC raised its holdings in Thomson Reuters by 8.2% during the 4th quarter. Syon Capital LLC now owns 4,963 shares of the company’s stock valued at $655,000 after buying an additional 378 shares during the period. Havemeyer Place LP purchased a new stake in Thomson Reuters during the 4th quarter valued at $764,000. Harvest Fund Management Co. Ltd raised its holdings in Thomson Reuters by 20.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 33,214 shares of the company’s stock valued at $4,380,000 after buying an additional 5,554 shares during the period. Daiwa Securities Group Inc. raised its holdings in Thomson Reuters by 9.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 39,878 shares of the company’s stock valued at $5,260,000 after buying an additional 3,312 shares during the period. Finally, State of Wyoming raised its holdings in Thomson Reuters by 38.0% during the 4th quarter. State of Wyoming now owns 836 shares of the company’s stock valued at $110,000 after buying an additional 230 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRI. Royal Bank Of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price target on the stock in a report on Tuesday, February 10th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Weiss Ratings upgraded Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Argus began coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating on the stock. Finally, Wells Fargo & Company increased their price target on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Stock Performance

TRI stock opened at $82.32 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $89.06 and its two-hundred day simple moving average is $106.22. Thomson Reuters Corp has a twelve month low of $78.60 and a twelve month high of $218.42. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.24 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

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

Thomson Reuters 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.