Entropy Technologies LP Raises Position in Thomson Reuters Corp $TRI

Entropy Technologies LP grew its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 137.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,709 shares of the company’s stock after acquiring an additional 10,838 shares during the period. Entropy Technologies LP’s holdings in Thomson Reuters were worth $2,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRI. Vanguard Group Inc. raised its holdings in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after purchasing an additional 85,684 shares in the last quarter. TD Asset Management Inc grew its position in shares of Thomson Reuters by 0.7% in the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after buying an additional 33,418 shares during the period. TLT Family Holdco ULC purchased a new position in Thomson Reuters during the 2nd quarter valued at about $865,442,000. SEG Family Corp. purchased a new position in Thomson Reuters during the 2nd quarter valued at about $659,930,000. Finally, Morgan Stanley boosted its stake in Thomson Reuters by 31.2% during the fourth quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after acquiring an additional 665,743 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of analyst reports. Bank of America decreased their target price 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. Argus assumed coverage on Thomson Reuters in a research report on Wednesday, April 22nd. They issued a “hold” rating on the stock. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Wells Fargo & Company lifted their price objective on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Stock Down 1.2%

Thomson Reuters stock opened at $80.47 on Tuesday. Thomson Reuters Corp has a 12 month low of $78.15 and a 12 month high of $218.42. The stock has a fifty day simple moving average of $88.25 and a two-hundred day simple moving average of $104.69. 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 $35.10 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.21 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last issued 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. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. Equities analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $0.655 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 3.3%. 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.