Thomson Reuters Co. $TRI Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 96.4% in the second quarter, Holdings Channel reports. The firm owned 2,643 shares of the business services provider’s stock after acquiring an additional 1,297 shares during the period. Financial Advocates Investment Management’s holdings in Thomson Reuters were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Curio Wealth LLC lifted its stake in Thomson Reuters by 16,200.0% in the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after buying an additional 162 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of Thomson Reuters during the second quarter worth approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in Thomson Reuters in the 2nd quarter valued at $37,000. AlphaCore Capital LLC purchased a new stake in Thomson Reuters in the 2nd quarter valued at $39,000. Finally, 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 business services provider’s stock worth $62,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Up 0.2%

NYSE:TRI opened at $133.94 on Thursday. The stock has a fifty day moving average price of $150.24 and a two-hundred day moving average price of $176.34. The stock has a market capitalization of $59.83 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 1 year low of $131.11 and a 1 year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the firm earned $0.80 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. CIBC set a $198.00 price target on Thomson Reuters and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Scotiabank restated an “outperform” rating and issued a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. Huber Research raised Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group set a $186.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus target price of $195.27.

Thomson Reuters Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.