EFG International AG Purchases New Stake in Thomson Reuters Corp $TRI

EFG International AG acquired a new position in shares of Thomson Reuters Corp (NASDAQ:TRIFree Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 20,073 shares of the company’s stock, valued at approximately $1,639,000.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Thomson Reuters during the 4th quarter worth $30,000. Timmons Wealth Management LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $42,000. Montag A & Associates Inc. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $43,000. J.Safra Asset Management Corp acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $56,000. Finally, Western Wealth Management LLC purchased a new stake in Thomson Reuters during the first quarter worth about $48,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.8%

TRI stock opened at $102.45 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The company’s 50 day simple moving average is $94.57 and its 200-day simple moving average is $92.26. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $180.00. The firm has a market capitalization of $44.63 billion, a PE ratio of 27.27, a P/E/G ratio of 1.53 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRIGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts expect that Thomson Reuters Corp will post 4.45 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.655 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.62 annualized dividend and a yield of 2.6%. Thomson Reuters’s dividend payout ratio (DPR) is presently 69.68%.

Wall Street Analyst Weigh In

TRI has been the topic of several recent analyst reports. Wells Fargo & Company set a $85.00 target price on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Barclays restated an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus target price of $142.83.

Read Our Latest Analysis on TRI

About Thomson Reuters

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Thomson Reuters (NASDAQ:TRI)

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