Beck Bode LLC Makes New Investment in Thomson Reuters Co. $TRI

Beck Bode LLC acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,063 shares of the business services provider’s stock, valued at approximately $16,505,000. Thomson Reuters comprises about 2.8% of Beck Bode LLC’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors also recently modified their holdings of TRI. Brighton Jones LLC purchased a new position in Thomson Reuters during the 4th quarter valued at about $448,000. Principal Financial Group Inc. grew its position in shares of Thomson Reuters by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 20,647 shares of the business services provider’s stock worth $3,562,000 after buying an additional 500 shares during the last quarter. Cerity Partners LLC grew its position in shares of Thomson Reuters by 56.6% in the 1st quarter. Cerity Partners LLC now owns 42,146 shares of the business services provider’s stock worth $7,282,000 after buying an additional 15,230 shares during the last quarter. MQS Management LLC purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $305,000. Finally, Signaturefd LLC raised its holdings in shares of Thomson Reuters by 4.9% during the first quarter. Signaturefd LLC now owns 8,356 shares of the business services provider’s stock valued at $1,444,000 after acquiring an additional 391 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRI has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Thomson Reuters in a research note on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, October 15th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. Finally, Morgan Stanley set a $172.00 price objective on shares of Thomson Reuters in a report on Tuesday, November 4th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and a consensus price target of $195.27.

Thomson Reuters Stock Up 1.2%

NYSE:TRI opened at $137.25 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. The firm’s 50-day moving average price is $158.51 and its 200-day moving average price is $180.14. The company has a market capitalization of $61.30 billion, a PE ratio of 28.07, a P/E/G ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 1-year low of $134.50 and a 1-year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Thomson Reuters has set its FY 2025 guidance at EPS. On average, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be paid a $0.595 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 1.7%. Thomson Reuters’s dividend payout ratio is presently 61.18%.

Thomson Reuters Company 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.