Crestwood Advisors Group LLC Invests $210,000 in Thomson Reuters Co. $TRI

Crestwood Advisors Group LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,042 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its stake in shares of Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 139 shares during the period. Curio Wealth LLC grew its holdings in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after buying an additional 162 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Thomson Reuters during the 2nd quarter valued at about $34,000. Ameritas Advisory Services LLC bought a new stake in shares of Thomson Reuters during the second quarter valued at about $37,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TRI. JPMorgan Chase & Co. reduced their price objective on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday. Scotiabank reissued an “outperform” rating and issued a $189.00 price target (down from $200.00) on shares of Thomson Reuters in a report on Wednesday. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Morgan Stanley set a $172.00 price objective on Thomson Reuters in a research report on Tuesday. Finally, Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.27.

Thomson Reuters Stock Performance

NYSE TRI opened at $137.57 on Friday. Thomson Reuters Co. has a 52-week low of $136.28 and a 52-week high of $218.42. The company has a fifty day moving average of $160.16 and a 200-day moving average of $180.80. The company has a market capitalization of $61.45 billion, a P/E ratio of 28.13, a P/E/G ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is currently 61.18%.

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.