Vise Technologies Inc. Makes New Investment in Thomson Reuters Corp $TRI

Vise Technologies Inc. purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,913 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRI. E Fund Management Co. Ltd. bought a new stake in Thomson Reuters in the 2nd quarter valued at approximately $1,089,000. Tacita Capital Inc bought a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $247,000. Diversify Advisory Services LLC bought a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $210,000. Wealthfront Advisers LLC acquired a new stake in shares of Thomson Reuters in the second quarter valued at approximately $302,000. Finally, First National Bank of Omaha acquired a new stake in shares of Thomson Reuters in the second quarter valued at approximately $257,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRI. Wells Fargo & Company set a $85.00 target price on shares of Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Canaccord Genuity Group lowered their price target on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Bank of America reduced their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Scotiabank restated a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.83.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $105.53 on Monday. The stock has a market capitalization of $45.97 billion, a PE ratio of 28.09, a P/E/G ratio of 1.55 and a beta of 0.75. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $180.00. The firm has a fifty day simple moving average of $93.08 and a 200 day simple moving average of $91.99. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts expect that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 69.68%.

Thomson Reuters Company 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.