Lombard Odier Asset Management USA Corp Has $1.72 Million Holdings in Thomson Reuters Corp $TRI

Lombard Odier Asset Management USA Corp lessened its position in Thomson Reuters Corp (NASDAQ:TRI) by 39.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,102 shares of the company’s stock after selling 7,355 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Thomson Reuters were worth $1,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Thomson Reuters in the fourth quarter worth about $448,000. AQR Capital Management LLC lifted its position in shares of Thomson Reuters by 30.3% during the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock worth $2,964,000 after purchasing an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Thomson Reuters during the 1st quarter valued at approximately $205,000. SBI Securities Co. Ltd. boosted its stake in Thomson Reuters by 30.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the company’s stock valued at $62,000 after purchasing an additional 73 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Thomson Reuters by 3.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the company’s stock valued at $2,199,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.2%

Shares of TRI stock opened at $96.13 on Tuesday. The firm has a fifty day moving average of $105.73 and a 200-day moving average of $133.36. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 1.44 and a beta of 0.81. Thomson Reuters Corp has a 52-week low of $79.71 and a 52-week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.655 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a yield of 2.7%. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several recent analyst reports. The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Saturday, February 7th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Morgan Stanley set a $116.00 target price on shares of Thomson Reuters in a research report on Friday, February 6th. UBS Group set a $131.50 target price on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus price target of $151.42.

About Thomson Reuters

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.