Rathbones Group PLC Sells 18,635 Shares of Thomson Reuters Corp $TRI

Rathbones Group PLC lowered its stake in Thomson Reuters Corp (NASDAQ:TRI) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,186 shares of the company’s stock after selling 18,635 shares during the quarter. Rathbones Group PLC’s holdings in Thomson Reuters were worth $9,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRI. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters in the second quarter worth about $865,442,000. SEG Family Corp. bought a new position in shares of Thomson Reuters in the second quarter worth about $659,930,000. Invesco Ltd. lifted its holdings in shares of Thomson Reuters by 461.1% in the third 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 last quarter. First Trust Advisors LP lifted its holdings in shares of Thomson Reuters by 312.5% in the third quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock worth $166,976,000 after acquiring an additional 814,393 shares during the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of Thomson Reuters by 186.8% in the third quarter. AGF Management Ltd. now owns 870,312 shares of the company’s stock worth $135,592,000 after acquiring an additional 566,908 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRI shares. Barclays reissued an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. UBS Group set a $185.74 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Argus began coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating for the company. Finally, Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $85.56 on Friday. The business has a 50 day moving average of $91.57 and a 200-day moving average of $111.44. Thomson Reuters Corp has a 1 year low of $78.60 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 0.60. The company has a market capitalization of $37.32 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.27 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is currently 76.16%.

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.