Fiduciary Family Office LLC Makes New Investment in Thomson Reuters Co. $TRI

Fiduciary Family Office LLC bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 2nd quarter, Holdings Channel.com reports. The fund bought 1,036 shares of the business services provider’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRI. Cullen Frost Bankers Inc. lifted its position in shares of Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock valued at $27,000 after buying an additional 139 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $37,000. SBI Securities Co. Ltd. lifted its position in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after buying an additional 69 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $77,000. Finally, Financial Perspectives Inc purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $80,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NYSE:TRI opened at $161.03 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $149.47 and a 1 year high of $218.42. The stock’s 50 day simple moving average is $165.61 and its two-hundred day simple moving average is $182.54. The company has a market cap of $71.93 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a $0.595 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. Thomson Reuters’s payout ratio is presently 65.75%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. CIBC raised Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. The Goldman Sachs Group set a $186.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday, October 15th. Canaccord Genuity Group boosted their price target on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada lowered their price target on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $202.64.

Thomson Reuters Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.