Y Intercept Hong Kong Ltd boosted its stake in shares of Thomson Reuters Corp (NASDAQ:TRI – Free Report) by 80.7% in the first quarter, HoldingsChannel.com reports. The fund owned 58,765 shares of the company’s stock after purchasing an additional 26,239 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Thomson Reuters were worth $5,288,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRI. Empowered Funds LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $30,000. Timmons Wealth Management LLC purchased a new stake in shares of Thomson Reuters during the fourth quarter worth about $42,000. Montag A & Associates Inc. acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $43,000. J.Safra Asset Management Corp acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $56,000. Finally, Hantz Financial Services Inc. lifted its stake in Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after buying an additional 607 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on TRI shares. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Argus began coverage on Thomson Reuters in a research report on Wednesday, April 22nd. They issued a “hold” rating on the stock. Bank of America lowered their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Scotiabank set a $138.00 price target on Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and an average target price of $143.92.
Thomson Reuters Price Performance
Shares of NASDAQ TRI opened at $89.21 on Friday. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $218.42. The stock has a market cap of $38.91 billion, a PE ratio of 25.96, a P/E/G ratio of 1.33 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $85.60 and a 200 day moving average of $99.77.
Thomson Reuters (NASDAQ:TRI – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. As a group, sell-side analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.
Thomson Reuters Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.655 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.
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.
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