Clearbridge Investments LLC Takes Position in Thomson Reuters Corp $TRI

Clearbridge Investments LLC purchased a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 234,156 shares of the company’s stock, valued at approximately $30,883,000.

A number of other institutional investors also recently added to or reduced their stakes in TRI. TLT Family Holdco ULC bought a new stake in Thomson Reuters during the second quarter valued at about $865,442,000. SEG Family Corp. purchased a new position in Thomson Reuters in the 2nd quarter worth $659,930,000. Invesco Ltd. lifted its position in Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after acquiring an additional 1,851,677 shares during the period. Norges Bank acquired a new stake in Thomson Reuters during the 4th quarter worth about $153,417,000. Finally, First Trust Advisors LP grew its stake in Thomson Reuters by 312.5% during the 3rd quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock valued at $166,976,000 after purchasing an additional 814,393 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 1.0%

Thomson Reuters stock opened at $82.32 on Wednesday. The stock has a 50-day moving average price of $89.06 and a 200 day moving average price of $106.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $35.91 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. Thomson Reuters Corp has a 52 week low of $78.60 and a 52 week high of $218.42.

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

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRI. Wells Fargo & Company raised their price objective on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 target price for the company in a report on Tuesday, February 10th. Finally, Argus started coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating for the company. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.84.

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.