RFG Advisory LLC Makes New $296,000 Investment in Thomson Reuters Co. $TRI

RFG Advisory LLC bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,472 shares of the business services provider’s stock, valued at approximately $296,000.

Other hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after buying an additional 139 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Thomson Reuters in the 2nd quarter worth about $37,000. SBI Securities Co. Ltd. raised its position in Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after buying an additional 69 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Thomson Reuters during the 2nd quarter valued at about $77,000. Finally, Whittier Trust Co. increased its position in shares of Thomson Reuters by 1,008.9% during the 1st quarter. Whittier Trust Co. now owns 621 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 1.4%

Thomson Reuters stock opened at $158.53 on Monday. The firm has a 50 day moving average of $166.08 and a 200 day moving average of $182.73. The firm has a market capitalization of $71.18 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 12-month low of $149.47 and a 12-month high of $218.42. 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 (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict 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 was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is 65.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRI shares. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research report on Thursday, September 11th. CIBC raised shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. Finally, TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their price target for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.64.

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.