20,073 Shares in Thomson Reuters Corp $TRI Acquired by EFG International AG

EFG International AG purchased a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,073 shares of the company’s stock, valued at approximately $1,639,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters in the second quarter valued at approximately $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $659,930,000. Invesco Ltd. raised its position in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Thomson Reuters in the 2nd quarter valued at $107,223,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Thomson Reuters during the 2nd quarter worth $102,215,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI opened at $102.45 on Thursday. The stock has a market capitalization of $44.63 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $180.00. The company’s fifty day moving average is $94.57 and its two-hundred day moving average is $92.26.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. On average, sell-side analysts predict that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a yield of 2.6%. Thomson Reuters’s dividend payout ratio (DPR) is presently 69.68%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Scotia reduced their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a report on Thursday, August 6th. Canaccord Genuity Group decreased their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays reissued an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, Bank of America dropped their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.83.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.