Prosperity Consulting Group LLC boosted its stake in shares of Thomson Reuters Corp (NASDAQ:TRI – Free Report) by 469.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 27,357 shares of the company’s stock after purchasing an additional 22,551 shares during the period. Prosperity Consulting Group LLC’s holdings in Thomson Reuters were worth $2,462,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after acquiring an additional 85,684 shares in the last quarter. TD Asset Management Inc increased its holdings in Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after purchasing an additional 33,418 shares during the period. TLT Family Holdco ULC bought a new stake in Thomson Reuters during the 2nd quarter valued at $865,442,000. SEG Family Corp. bought a new stake in Thomson Reuters during the 2nd quarter valued at $659,930,000. Finally, Morgan Stanley lifted its holdings in shares of Thomson Reuters by 31.2% in the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after buying an additional 665,743 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.
Thomson Reuters Stock Performance
Shares of TRI stock opened at $96.20 on Friday. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $211.46. The business’s fifty day simple moving average is $85.46 and its 200-day simple moving average is $96.82. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a market cap of $41.89 billion, a PE ratio of 27.99, a PEG ratio of 1.47 and a beta of 0.77.
Thomson Reuters Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Argus started coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They issued a “hold” rating for the company. Finally, UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.92.
Check Out Our Latest Analysis on TRI
About Thomson Reuters
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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