Y Intercept Hong Kong Ltd Boosts Stock Position in Thomson Reuters Corp $TRI

Y Intercept Hong Kong Ltd lifted its position in Thomson Reuters Corp (NASDAQ:TRI) by 80.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,765 shares of the company’s stock after purchasing an additional 26,239 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Thomson Reuters were worth $5,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Thomson Reuters in the 4th quarter worth approximately $30,000. Timmons Wealth Management LLC acquired a new stake in Thomson Reuters during the 4th quarter valued at approximately $42,000. Montag A & Associates Inc. acquired a new stake in Thomson Reuters during the 4th quarter valued at approximately $43,000. J.Safra Asset Management Corp purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $56,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TRI shares. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group set a $185.74 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $143.92.

Thomson Reuters Price Performance

TRI stock opened at $89.21 on Friday. Thomson Reuters Corp has a one year low of $76.28 and a one year high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s fifty day moving average is $85.60 and its 200 day moving average is $99.77. The firm has a market cap of $38.91 billion, a PE ratio of 25.96, a P/E/G ratio of 1.33 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts forecast that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $0.655 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. Thomson Reuters’s dividend payout ratio is presently 76.16%.

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.