Nykredit A S Invests $4.59 Million in Thomson Reuters Corp $TRI

Nykredit A S acquired a new position in Thomson Reuters Corp (NASDAQ:TRIFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 56,227 shares of the company’s stock, valued at approximately $4,591,000.

A number of other large investors have also recently made changes to their positions in TRI. Public Sector Pension Investment Board raised its position in Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after purchasing an additional 100 shares during the period. Natixis Advisors LLC increased its stake in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after buying an additional 103 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Thomson Reuters by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after acquiring an additional 130 shares during the period. Kestra Advisory Services LLC increased its holdings in Thomson Reuters by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock worth $871,000 after purchasing an additional 134 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Thomson Reuters by 1.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock valued at $1,060,000 after acquiring an additional 134 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

TRI opened at $105.68 on Monday. The company has a 50-day moving average price of $98.33 and a 200 day moving average price of $93.11. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00. The company has a market cap of $46.04 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRIGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is 69.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TRI shares. Scotiabank reissued a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a research note on Thursday, August 6th. Canaccord Genuity Group cut their price objective on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Scotia reduced their target price on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, Bank of America reduced their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Get Our Latest Stock Analysis on TRI

Thomson Reuters Company Profile

(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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