Curio Wealth LLC Purchases 162 Shares of Thomson Reuters Co. $TRI

Curio Wealth LLC increased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 16,200.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163 shares of the business services provider’s stock after acquiring an additional 162 shares during the quarter. Curio Wealth LLC’s holdings in Thomson Reuters were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TRI. Y Intercept Hong Kong Ltd purchased a new stake in shares of Thomson Reuters during the first quarter valued at approximately $626,000. Goldman Sachs Group Inc. boosted its stake in Thomson Reuters by 36.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock valued at $274,462,000 after purchasing an additional 421,279 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Thomson Reuters in the 2nd quarter worth $2,495,000. Cidel Asset Management Inc. raised its stake in shares of Thomson Reuters by 2.4% in the second quarter. Cidel Asset Management Inc. now owns 129,042 shares of the business services provider’s stock worth $25,897,000 after purchasing an additional 3,073 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Thomson Reuters by 7.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider’s stock valued at $1,948,000 after buying an additional 776 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $162.60 on Friday. 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 1 year low of $149.47 and a 1 year high of $218.42. The stock has a market capitalization of $72.63 billion, a P/E ratio of 33.25, a P/E/G ratio of 5.67 and a beta of 0.74. The company’s fifty day moving average price is $165.22 and its 200 day moving average price is $182.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $0.85 EPS. Thomson Reuters’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRI shares. Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Canaccord Genuity Group boosted their price objective on Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and raised their target price for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $188.00 to $200.00 in a research note on Wednesday, August 6th. Finally, Morgan Stanley dropped their price objective on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research note on Thursday, September 11th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.64.

Thomson Reuters Company 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.