Jupiter Asset Management Ltd. Buys New Position in Thomson Reuters Co. $TRI

Jupiter Asset Management Ltd. purchased a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,175 shares of the business services provider’s stock, valued at approximately $4,687,000.

Other large investors have also modified their holdings of the company. Curio Wealth LLC increased its holdings in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Thomson Reuters in the second quarter worth $34,000. AlphaCore Capital LLC purchased a new position in shares of Thomson Reuters in the second quarter worth $39,000. Cullen Frost Bankers Inc. lifted its stake in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after buying an additional 83 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Thomson Reuters during the third quarter valued at $57,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research note on Tuesday, February 10th. UBS Group set a $131.50 price objective on Thomson Reuters in a report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price objective on Thomson Reuters and gave the stock an “outperformer” rating in a research note on Friday, January 16th. Morgan Stanley set a $116.00 target price on Thomson Reuters in a research report on Friday, February 6th. Finally, TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $83.20 on Friday. Thomson Reuters Co. has a 52-week low of $81.91 and a 52-week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $37.03 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. The business has a 50-day simple moving average of $115.79 and a 200-day simple moving average of $142.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business earned $1.01 earnings per share. Thomson Reuters’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $0.655 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.62 annualized dividend and a dividend yield of 3.1%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.