1,042 Shares in Thomson Reuters Co. $TRI Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC purchased a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,042 shares of the business services provider’s stock, valued at approximately $210,000.

Other large investors also recently modified their holdings of the company. PFG Investments LLC lifted its position in shares of Thomson Reuters by 2.2% during the 2nd quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 57 shares during the period. Rhumbline Advisers increased its stake in Thomson Reuters by 1.5% in the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 68 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 69 shares during the period. Signaturefd LLC raised its holdings in shares of Thomson Reuters by 0.8% during the second quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 70 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of Thomson Reuters by 3.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock worth $474,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TRI shares. The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley set a $172.00 target price on Thomson Reuters in a research report on Tuesday. Scotiabank reiterated an “outperform” rating and issued a $189.00 target price (down from $200.00) on shares of Thomson Reuters in a report on Wednesday. Royal Bank Of Canada decreased their price target on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Finally, Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Price Performance

TRI opened at $137.57 on Friday. Thomson Reuters Co. has a 1 year low of $136.28 and a 1 year high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $61.45 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 5.67 and a beta of 0.74. The firm’s fifty day moving average price is $160.16 and its two-hundred day moving average price is $180.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 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 $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm earned $0.80 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, November 18th. Thomson Reuters’s payout ratio is presently 61.18%.

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.