Sanctuary Advisors LLC Invests $663,000 in Thomson Reuters Corp $TRI

Sanctuary Advisors LLC acquired a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,116 shares of the company’s stock, valued at approximately $663,000.

A number of other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board grew its position in 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. Natixis Advisors LLC lifted its holdings in shares of Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after acquiring an additional 103 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Thomson Reuters by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after acquiring an additional 130 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Thomson Reuters by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock valued at $871,000 after purchasing an additional 134 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Thomson Reuters by 1.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock valued at $1,060,000 after purchasing an additional 134 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Up 1.4%

Shares of Thomson Reuters stock opened at $106.22 on Friday. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $180.00. The firm has a market cap of $46.27 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.54 and a beta of 0.75. The company has a 50-day moving average of $95.65 and a 200 day moving average of $92.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $0.87 EPS. Thomson Reuters’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thomson Reuters Corp will post 4.45 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a yield of 2.5%. Thomson Reuters’s payout ratio is 69.68%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TRI shares. Weiss Ratings raised shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Canaccord Genuity Group lowered their target price on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Scotiabank restated a “sector outperform” rating and set a $135.00 target price on shares of Thomson Reuters in a report on Thursday, August 6th. Scotia decreased their price target on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock 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.