Waratah Capital Advisors Ltd. Has $26.91 Million Stock Position in Thomson Reuters Co. $TRI

Waratah Capital Advisors Ltd. lowered its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 33.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,793 shares of the business services provider’s stock after selling 67,179 shares during the quarter. Thomson Reuters accounts for about 0.7% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 15th largest position. Waratah Capital Advisors Ltd.’s holdings in Thomson Reuters were worth $26,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRI. Kingsview Wealth Management LLC acquired a new stake in Thomson Reuters during the 2nd quarter valued at $257,000. Intech Investment Management LLC raised its position in Thomson Reuters by 4.7% during the second quarter. Intech Investment Management LLC now owns 67,872 shares of the business services provider’s stock valued at $13,621,000 after buying an additional 3,077 shares during the period. Cetera Investment Advisers boosted its position in Thomson Reuters by 40.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,969 shares of the business services provider’s stock worth $2,203,000 after acquiring an additional 3,132 shares during the period. Creative Planning grew its stake in Thomson Reuters by 2.6% during the 2nd quarter. Creative Planning now owns 20,577 shares of the business services provider’s stock valued at $4,139,000 after acquiring an additional 520 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Thomson Reuters by 338.0% in the 2nd quarter. SG Americas Securities LLC now owns 5,400 shares of the business services provider’s stock valued at $1,086,000 after purchasing an additional 4,167 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.4%

Thomson Reuters stock opened at $141.13 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a fifty-two week low of $134.50 and a fifty-two week high of $218.42. The firm has a fifty day moving average price of $156.29 and a two-hundred day moving average price of $179.25. The firm has a market cap of $63.04 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

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

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday, November 5th. Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research note on Tuesday, November 4th. CIBC set a $198.00 price objective on Thomson Reuters and gave the company an “outperform” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. dropped their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Scotiabank reissued an “outperform” rating and issued a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.27.

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.