Y Intercept Hong Kong Ltd Takes $15.61 Million Position in Thomson Reuters Co. $TRI

Y Intercept Hong Kong Ltd purchased a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 100,479 shares of the business services provider’s stock, valued at approximately $15,607,000. Thomson Reuters comprises about 0.4% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 28th largest holding.

Several other large investors also recently added to or reduced their stakes in TRI. PFG Investments LLC raised its position in Thomson Reuters by 2.2% during the second quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 57 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Thomson Reuters by 4.6% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider’s stock worth $284,000 after purchasing an additional 62 shares during the period. Signaturefd LLC increased its position in shares of Thomson Reuters by 0.8% during the 2nd quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 70 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Thomson Reuters by 30.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock valued at $62,000 after buying an additional 73 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in Thomson Reuters by 3.6% in the second quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock worth $474,000 after buying an additional 82 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $123.40 on Friday. The firm has a 50 day moving average of $130.63 and a 200 day moving average of $157.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $54.91 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 5.67 and a beta of 0.80. Thomson Reuters Co. has a 52 week low of $118.64 and a 52 week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is currently 61.18%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TRI shares. Wells Fargo & Company cut their price objective on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Canaccord Genuity Group set a $174.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Tuesday, November 4th. BMO Capital Markets reissued an “outperform” rating on shares of Thomson Reuters in a research note on Wednesday, November 5th. Royal Bank Of Canada cut their price objective on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $189.00 target price (down from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.55.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.