1,036 Shares in Thomson Reuters Co. $TRI Bought by Fiduciary Family Office LLC

Fiduciary Family Office LLC purchased 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 Securities and Exchange Commission (SEC). The firm purchased 1,036 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its position in Thomson Reuters by 15.7% during the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock valued at $951,477,000 after buying an additional 750,063 shares during the period. Millennium Management LLC lifted its position in Thomson Reuters by 365.6% during the first quarter. Millennium Management LLC now owns 894,074 shares of the business services provider’s stock valued at $154,475,000 after buying an additional 702,036 shares during the period. Goldman Sachs Group Inc. lifted its position in Thomson Reuters by 36.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock valued at $274,462,000 after buying an additional 421,279 shares during the period. Canada Pension Plan Investment Board lifted its position in Thomson Reuters by 97.9% during the first quarter. Canada Pension Plan Investment Board now owns 414,960 shares of the business services provider’s stock valued at $71,620,000 after buying an additional 205,306 shares during the period. Finally, Junto Capital Management LP purchased a new position in Thomson Reuters during the first quarter valued at $34,422,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TRI shares. Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and raised their price objective for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. Huber Research upgraded Thomson Reuters to an “overweight” rating in a report on Monday. CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 19th. Finally, Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.64.

Thomson Reuters Price Performance

NYSE TRI opened at $161.03 on Wednesday. Thomson Reuters Co. has a one year low of $149.47 and a one year high of $218.42. The stock has a 50-day moving average of $165.61 and a 200 day moving average of $182.54. The company has a market capitalization of $71.93 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 5.67 and a beta of 0.74. 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 (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last 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 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is presently 65.75%.

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.