Curio Wealth LLC Grows Stock Position in Thomson Reuters Co. $TRI

Curio Wealth LLC raised its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 16,200.0% in the second quarter, Holdings Channel.com reports. The fund owned 163 shares of the business services provider’s stock after buying an additional 162 shares during the quarter. Curio Wealth LLC’s holdings in Thomson Reuters were worth $33,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 180 Wealth Advisors LLC raised its position in shares of Thomson Reuters by 17.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,680 shares of the business services provider’s stock worth $338,000 after purchasing an additional 251 shares during the period. Freedom Investment Management Inc. bought a new position in Thomson Reuters during the 2nd quarter valued at $237,000. Ethic Inc. acquired a new position in Thomson Reuters during the second quarter worth about $217,000. D.A. Davidson & CO. raised its holdings in shares of Thomson Reuters by 13.6% in the 2nd quarter. D.A. Davidson & CO. now owns 2,739 shares of the business services provider’s stock worth $551,000 after purchasing an additional 327 shares in the last quarter. Finally, Fiduciary Family Office LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRI. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $188.00 to $200.00 in a research note on Wednesday, August 6th. Canaccord Genuity Group upped their price target on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Royal Bank Of Canada lowered their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 7th. CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 19th. Finally, Morgan Stanley decreased their target price on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 11th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.64.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $162.60 on Friday. The firm has a market cap of $72.63 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a one year low of $149.47 and a one year high of $218.42. The stock’s 50-day moving average is $165.22 and its 200-day moving average is $182.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. 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 previous year, the business earned $0.85 EPS. Thomson Reuters’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

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

About Thomson Reuters

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.