Plato Investment Management Ltd Acquires 17,246 Shares of Thomson Reuters Corp $TRI

Plato Investment Management Ltd grew its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 5,967.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,535 shares of the company’s stock after acquiring an additional 17,246 shares during the quarter. Plato Investment Management Ltd’s holdings in Thomson Reuters were worth $2,328,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in shares of Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock valued at $39,000 after acquiring an additional 83 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $43,000. Westside Investment Management Inc. boosted its position in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after acquiring an additional 169 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after acquiring an additional 77 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Thomson Reuters by 22.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 609 shares of the company’s stock valued at $95,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $92.94 on Friday. The business has a 50 day moving average of $94.16 and a 200 day moving average of $115.08. The company has a market capitalization of $40.54 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.37 and a beta of 0.80. Thomson Reuters Corp has a 1-year low of $79.71 and a 1-year high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. On average, sell-side analysts predict that Thomson Reuters Corp will post 4.46 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.655 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 2.8%. Thomson Reuters’s payout ratio is presently 77.33%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research analyst reports. UBS Group set a $183.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, April 23rd. Barclays reiterated an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. Finally, 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 report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.54.

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.