Edmond DE Rothschild Holding S.A. Grows Holdings in Thomson Reuters Corp (TRI)
Edmond DE Rothschild Holding S.A. grew its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 375.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,000 shares of the business services provider’s stock after buying an additional 75,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Thomson Reuters were worth $4,589,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRI. Bank of New York Mellon Corp lifted its position in shares of Thomson Reuters by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 754,569 shares of the business services provider’s stock worth $30,423,000 after purchasing an additional 52,833 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Thomson Reuters during the third quarter worth $245,000. Bessemer Group Inc. lifted its position in shares of Thomson Reuters by 1,658.4% during the third quarter. Bessemer Group Inc. now owns 136,449 shares of the business services provider’s stock worth $7,939,000 after purchasing an additional 128,689 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Thomson Reuters by 20.7% during the third quarter. Wetherby Asset Management Inc. now owns 6,304 shares of the business services provider’s stock worth $288,000 after purchasing an additional 1,081 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Thomson Reuters during the third quarter worth $287,000. Institutional investors own 21.41% of the company’s stock.
A number of research firms have recently commented on TRI. CIBC reissued an “average” rating and set a $56.00 target price on shares of Thomson Reuters in a research report on Wednesday, February 27th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Wednesday, December 5th. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, December 5th. Barclays reaffirmed a “hold” rating and issued a $55.00 price target on shares of Thomson Reuters in a report on Sunday, December 9th. Finally, Credit Suisse Group initiated coverage on shares of Thomson Reuters in a report on Friday, December 7th. They issued a “neutral” rating and a $55.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.36.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, February 26th. The business services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.14. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Thomson Reuters had a net margin of 71.79% and a return on equity of 4.00%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Sell-side analysts expect that Thomson Reuters Corp will post 1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 8th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, March 7th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio is currently 192.00%.
Thomson Reuters Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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