TD Waterhouse Canada Inc. Purchases 28,080 Shares of Thomson Reuters Corp $TRI

TD Waterhouse Canada Inc. boosted its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,164 shares of the company’s stock after acquiring an additional 28,080 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Thomson Reuters were worth $30,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRI. TLT Family Holdco ULC bought a new stake in Thomson Reuters during the second quarter worth $865,442,000. SEG Family Corp. bought a new stake in Thomson Reuters during the second quarter worth $659,930,000. Invesco Ltd. raised its position in Thomson Reuters by 461.1% during the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after acquiring an additional 1,851,677 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Thomson Reuters by 312.5% in the third 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 during the last quarter. Finally, AGF Management Ltd. increased its holdings in shares of Thomson Reuters by 186.8% in the third 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 during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $93.01 on Monday. Thomson Reuters Corp has a one year low of $79.71 and a one year high of $218.42. The company has a market cap of $41.20 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.39 and a beta of 0.83. The firm’s fifty day moving average price is $92.64 and its two-hundred day moving average price is $120.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $0.655 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.8%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is currently 78.68%.

Wall Street Analyst Weigh In

TRI has been the topic of several research reports. The Goldman Sachs Group set a $111.00 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a report on Saturday, February 7th. Morgan Stanley set a $116.00 price objective on shares of Thomson Reuters in a report on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective on the stock in a report on Tuesday, February 10th. JPMorgan Chase & Co. decreased their price objective on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Finally, UBS Group set a $131.50 price objective on shares of Thomson Reuters in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.27.

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.