Jupiter Topco LLC Makes New Investment in Thomson Reuters Corp $TRI

Jupiter Topco LLC bought a new position in Thomson Reuters Corp (NASDAQ:TRI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 13,462 shares of the company’s stock, valued at approximately $1,099,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Sector Pension Investment Board lifted its stake in shares of Thomson Reuters by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after buying an additional 100 shares in the last quarter. Natixis Advisors LLC grew its stake in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Thomson Reuters by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock valued at $885,000 after acquiring an additional 130 shares during the period. Kestra Advisory Services LLC raised its holdings in Thomson Reuters by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock valued at $871,000 after acquiring an additional 134 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in shares of Thomson Reuters by 1.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock worth $1,060,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRI shares. Scotiabank reaffirmed a “sector outperform” rating and issued a $135.00 price target on shares of Thomson Reuters in a report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 24th. Finally, Canaccord Genuity Group reduced their target price on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of $131.57.

Thomson Reuters Stock Down 5.4%

Shares of NASDAQ:TRI opened at $105.68 on Friday. The firm has a fifty day moving average price of $98.33 and a two-hundred day moving average price of $93.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. Thomson Reuters Corp has a one year low of $76.28 and a one year high of $180.00. The company has a market cap of $46.04 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.04 and a beta of 0.74.

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

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 69.68%.

About Thomson Reuters

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.