Goldman Sachs Group Inc. trimmed its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI – Free Report) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,319,776 shares of the company’s stock after selling 90,510 shares during the period. Goldman Sachs Group Inc.’s holdings in Thomson Reuters were worth $305,955,000 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. Montag A & Associates Inc. purchased a new position in shares of Thomson Reuters in the 4th quarter worth about $43,000. Westside Investment Management Inc. boosted its holdings in shares of Thomson Reuters by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after purchasing an additional 169 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Thomson Reuters by 21.2% in the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Thomson Reuters by 53.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock worth $96,000 after purchasing an additional 215 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after acquiring an additional 607 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TRI. Bank of America dropped their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Wells Fargo & Company increased their target price on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on Thomson Reuters from $162.40 to $101.50 and set a “neutral” rating for the company in a report on Friday, February 6th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Finally, Barclays restated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.84.
Thomson Reuters Trading Up 0.3%
TRI opened at $86.04 on Friday. The business has a 50 day simple moving average of $89.40 and a two-hundred day simple moving average of $107.21. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters Corp has a one year low of $78.60 and a one year high of $218.42.
Thomson Reuters (NASDAQ:TRI – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 EPS. Analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current year.
Thomson Reuters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.655 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.0%. Thomson Reuters’s dividend payout ratio 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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