Rathbones Group PLC Sells 1,759 Shares of Thomson Reuters Co. $TRI

Rathbones Group PLC lowered its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,071 shares of the business services provider’s stock after selling 1,759 shares during the quarter. Rathbones Group PLC’s holdings in Thomson Reuters were worth $18,076,000 at the end of the most recent quarter.

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

Thomson Reuters Stock Down 1.0%

Shares of NYSE:TRI opened at $137.57 on Monday. The stock has a market capitalization of $61.45 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The stock’s 50-day moving average price is $160.16 and its 200-day moving average price is $180.78. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12-month low of $136.28 and a 12-month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its 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. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS. Thomson Reuters has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on TRI. CIBC set a $198.00 price target on shares of Thomson Reuters and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $172.00 price objective on shares of Thomson Reuters in a report on Tuesday, November 4th. Canaccord Genuity Group set a $174.00 target price on Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. Wells Fargo & Company upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Finally, TD Securities raised 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. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.27.

About Thomson Reuters

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.