Thomson Reuters Corp $TRI Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Thomson Reuters Corp (NASDAQ:TRI) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 984,559 shares of the company’s stock after selling 38,422 shares during the period. Legal & General Group Plc’s holdings in Thomson Reuters were worth $130,098,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Thomson Reuters by 21.2% in the third quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after purchasing an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock valued at $39,000 after purchasing an additional 83 shares during the last quarter. Penbrook Management LLC boosted its stake in shares of Thomson Reuters by 0.4% during the fourth quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after acquiring an additional 100 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Thomson Reuters by 1.8% during the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 2.8%

Shares of NASDAQ:TRI opened at $84.49 on Friday. The stock’s 50-day moving average price is $90.06 and its two-hundred day moving average price is $109.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Thomson Reuters Corp has a 12-month low of $78.60 and a 12-month high of $218.42. The firm has a market cap of $36.85 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.22 and a beta of 0.80.

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

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.

Wall Street Analyst Weigh In

TRI has been the topic of a number of analyst reports. Bank of America decreased their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Canaccord Genuity Group decreased their price objective on Thomson Reuters from $176.61 to $131.95 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets set a $167.47 price objective on Thomson Reuters in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of $144.84.

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.