Cooper Investors PTY Ltd. Has $3.97 Million Stake in Thomson Reuters Corp $TRI

Cooper Investors PTY Ltd. raised its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 14.6% in the second quarter, HoldingsChannel.com reports. The firm owned 48,620 shares of the company’s stock after purchasing an additional 6,184 shares during the quarter. Thomson Reuters comprises approximately 1.8% of Cooper Investors PTY Ltd.’s holdings, making the stock its 26th biggest holding. Cooper Investors PTY Ltd.’s holdings in Thomson Reuters were worth $3,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC bought a new position in shares of Thomson Reuters during the fourth quarter worth approximately $30,000. Timmons Wealth Management LLC acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $42,000. J.Safra Asset Management Corp acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $56,000. Western Wealth Management LLC bought a new position in Thomson Reuters during the 1st quarter worth $48,000. Finally, Continuum Advisory LLC bought a new position in Thomson Reuters during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $6.87 during midday trading on Tuesday, reaching $98.81. The company’s stock had a trading volume of 2,007,259 shares, compared to its average volume of 2,275,689. Thomson Reuters Corp has a 52 week low of $76.28 and a 52 week high of $176.31. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $98.79 and a 200-day moving average price of $93.26. The stock has a market cap of $43.04 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74.

Thomson Reuters (NASDAQ:TRI) last posted its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The firm 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 for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, sell-side analysts predict that Thomson Reuters Corp will post 4.45 EPS for the current year.

Thomson Reuters Dividend Announcement

The business 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 dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 69.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRI shares. Bank of America cut their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada boosted their price target on Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Scotia cut their price objective on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price objective on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 target price on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average target price of $131.57.

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.