GF Fund Management CO. LTD. Grows Stake in Thomson Reuters Corp $TRI

GF Fund Management CO. LTD. boosted its position in Thomson Reuters Corp (NASDAQ:TRI) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 93,832 shares of the company’s stock after buying an additional 11,832 shares during the period. GF Fund Management CO. LTD.’s holdings in Thomson Reuters were worth $12,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRI. TLT Family Holdco ULC purchased a new position in Thomson Reuters in the 2nd quarter valued at approximately $865,442,000. SEG Family Corp. purchased a new position in Thomson Reuters in the 2nd quarter valued at approximately $659,930,000. Invesco Ltd. increased its stake in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares in the last quarter. First Trust Advisors LP increased its stake in Thomson Reuters by 312.5% in the 3rd quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock valued at $166,976,000 after purchasing an additional 814,393 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Thomson Reuters by 186.8% in the 3rd quarter. AGF Management Ltd. now owns 870,312 shares of the company’s stock valued at $135,592,000 after purchasing an additional 566,908 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRI. Morgan Stanley set a $116.00 price target on Thomson Reuters in a research report on Friday, February 6th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. Canaccord Genuity Group decreased their price objective on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group set a $111.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Saturday, February 7th. Finally, Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective on the stock in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $144.27.

Thomson Reuters Price Performance

Shares of NASDAQ:TRI opened at $93.01 on Friday. The company has a market cap of $41.39 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.39 and a beta of 0.83. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters Corp has a 52 week low of $79.71 and a 52 week high of $218.42. The business has a fifty day simple moving average of $92.64 and a 200-day simple moving average of $120.69.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $0.655 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

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.