TD Waterhouse Canada Inc. Acquires 171,375 Shares of Thomson Reuters Corp $TRI

TD Waterhouse Canada Inc. raised its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 13.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,468,484 shares of the company’s stock after buying an additional 171,375 shares during the period. TD Waterhouse Canada Inc.’s holdings in Thomson Reuters were worth $143,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Thomson Reuters by 1.3% in the first 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 in the last quarter. Kestra Advisory Services LLC increased its position in shares of Thomson Reuters by 1.4% during the first quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock worth $871,000 after acquiring an additional 134 shares during the period. Griffin Asset Management Inc. raised its stake in shares of Thomson Reuters by 1.4% in the first quarter. Griffin Asset Management Inc. now owns 12,646 shares of the company’s stock valued at $1,138,000 after acquiring an additional 175 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Thomson Reuters by 25.3% in the first quarter. Hillsdale Investment Management Inc. now owns 907 shares of the company’s stock valued at $82,000 after acquiring an additional 183 shares in the last quarter. Finally, Burkett Asset Management Ltd raised its stake in shares of Thomson Reuters by 1.6% in the third quarter. Burkett Asset Management Ltd now owns 15,627 shares of the company’s stock valued at $1,525,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent research reports. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. Scotiabank reaffirmed a “sector outperform” rating and issued a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price target on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Barclays decreased their price objective on Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average price target of $130.97.

Thomson Reuters Stock Up 1.0%

Shares of NASDAQ:TRI traded up $1.12 during trading hours on Friday, reaching $109.01. The stock had a trading volume of 3,078,569 shares, compared to its average volume of 1,436,176. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $164.30. The firm’s 50 day moving average is $102.14 and its 200-day moving average is $93.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $47.23 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.07 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Research analysts predict that Thomson Reuters Corp will post 4.48 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $0.6550 dividend. This represents a $2.62 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is 69.68%.

Thomson Reuters Profile

Thomson Reuters Corporation is a global content and technology company that provides trusted information, software, and services to professionals and organizations. Its offerings are designed to support legal, tax, accounting, corporate, government, and media customers with research, workflow management, compliance, and decision-making.

The company serves legal professionals through products such as Westlaw, Practical Law, and CoCounsel, its generative artificial intelligence legal assistant.