Financial Perspectives Inc Makes New Investment in Thomson Reuters Co. $TRI

Financial Perspectives Inc bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 400 shares of the business services provider’s stock, valued at approximately $80,000.

A number of other large investors have also added to or reduced their stakes in TRI. Brighton Jones LLC purchased a new position in shares of Thomson Reuters during the 4th quarter worth $448,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Thomson Reuters by 173.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,099 shares of the business services provider’s stock worth $4,164,000 after acquiring an additional 15,301 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Thomson Reuters by 7.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider’s stock worth $1,948,000 after acquiring an additional 776 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Thomson Reuters by 3.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,857 shares of the business services provider’s stock worth $1,530,000 after acquiring an additional 255 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Thomson Reuters by 5.3% during the 1st quarter. Spire Wealth Management now owns 2,074 shares of the business services provider’s stock worth $358,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 1.4%

TRI opened at $158.53 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a fifty-two week low of $149.47 and a fifty-two week high of $218.42. The firm’s fifty day moving average is $166.08 and its 200 day moving average is $182.73. The stock has a market cap of $71.18 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Thomson Reuters’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRI shares. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $188.00 to $200.00 in a research note on Wednesday, August 6th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and lifted their price target for the stock from $275.00 to $285.00 in a research note on Thursday, August 28th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday. Finally, National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.