Thomson Reuters Co. $TRI Stake Raised by Woodbridge Co Ltd

Woodbridge Co Ltd lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,638,534 shares of the business services provider’s stock after purchasing an additional 45,358 shares during the quarter. Thomson Reuters accounts for approximately 98.6% of Woodbridge Co Ltd’s holdings, making the stock its biggest position. Woodbridge Co Ltd owned approximately 67.31% of Thomson Reuters worth $46,698,184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TRI. AlphaCore Capital LLC bought a new stake in Thomson Reuters during the 2nd quarter valued at about $39,000. Cullen Frost Bankers Inc. lifted its stake in shares of Thomson Reuters by 50.0% in 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 in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Thomson Reuters by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock valued at $62,000 after buying an additional 73 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Thomson Reuters by 100.0% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the business services provider’s stock valued at $52,000 after buying an additional 169 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $57,000. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRI shares. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a report on Friday, February 6th. The Goldman Sachs Group set a $111.00 target price on Thomson Reuters and gave the stock a “buy” rating in a report on Saturday, February 7th. Scotiabank restated an “outperform” rating and issued a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. UBS Group set a $131.50 price target on Thomson Reuters in a report on Friday, February 6th. Finally, Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective on the stock in a research report on Tuesday, February 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Stock Performance

TRI stock opened at $111.46 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $79.71 and a 1 year high of $218.42. The company has a market cap of $49.60 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81. The stock’s fifty day moving average price is $109.24 and its 200-day moving average price is $137.06.

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

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $0.655 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 17th. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Thomson Reuters Profile

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.