DekaBank Deutsche Girozentrale Boosts Holdings in Thomson Reuters Co. $TRI

DekaBank Deutsche Girozentrale raised its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 29,582 shares of the business services provider’s stock after acquiring an additional 177 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Thomson Reuters were worth $5,845,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Financial Perspectives Inc purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth about $80,000. Cidel Asset Management Inc. grew its holdings in shares of Thomson Reuters by 2.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 129,042 shares of the business services provider’s stock worth $25,897,000 after purchasing an additional 3,073 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth about $202,000. Quotient Wealth Partners LLC purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth about $226,000. Finally, Arista Wealth Management LLC purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth about $961,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI opened at $162.60 on Friday. The business’s 50 day moving average is $165.22 and its two-hundred day moving average is $182.42. Thomson Reuters Co. has a 52-week low of $149.47 and a 52-week high of $218.42. The firm has a market cap of $72.63 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $0.85 EPS. Thomson Reuters’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 65.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Canaccord Genuity Group boosted their target price on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Morgan Stanley decreased their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 19th. Huber Research upgraded Thomson Reuters to an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada decreased their price target on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Moderate Buy” and a consensus target price of $202.64.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.