Quantbot Technologies LP Takes $785,000 Position in Thomson Reuters Corp $TRI

Quantbot Technologies LP acquired a new position in shares of Thomson Reuters Corp (NASDAQ:TRIFree Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 9,616 shares of the company’s stock, valued at approximately $785,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Thomson Reuters in the fourth quarter worth approximately $30,000. Timmons Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $42,000. Montag A & Associates Inc. purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $43,000. Western Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the 1st quarter valued at $48,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRI shares. Royal Bank Of Canada boosted their target price on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Scotia lowered their price objective on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 6th. Bank of America dropped their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Finally, Canaccord Genuity Group cut their target price on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.83.

Get Our Latest Stock Analysis on TRI

Thomson Reuters Trading Down 1.8%

NASDAQ TRI opened at $102.45 on Thursday. The firm’s fifty day moving average price is $94.57 and its 200 day moving average price is $92.26. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $180.00. 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 has a market capitalization of $44.63 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.53 and a beta of 0.75.

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

Thomson Reuters Announces Dividend

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

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.

See Also

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

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