Vest Financial LLC Takes $1.95 Million Position in Thomson Reuters Co. $TRI

Vest Financial LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,565 shares of the business services provider’s stock, valued at approximately $1,952,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC boosted its stake in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at about $34,000. Ameritas Advisory Services LLC bought a new position in shares of Thomson Reuters during the second quarter worth about $37,000. AlphaCore Capital LLC bought a new position in shares of Thomson Reuters during the second quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Thomson Reuters in the third quarter worth about $57,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

TRI stock opened at $121.85 on Friday. Thomson Reuters Co. has a 1 year low of $118.64 and a 1 year high of $218.42. The stock has a market capitalization of $54.20 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 5.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s fifty day moving average is $130.98 and its two-hundred day moving average is $157.96.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. On average, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.595 per share. The ex-dividend date was Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 2.0%. Thomson Reuters’s payout ratio is currently 61.18%.

Analyst Ratings Changes

Several analysts have issued reports on the company. CIBC set a $183.00 price objective on Thomson Reuters and gave the company an “outperformer” rating in a research note on Friday, January 16th. Scotiabank reiterated an “outperform” rating and issued a $189.00 price target (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Morgan Stanley set a $165.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company lowered their target price on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $188.55.

About Thomson Reuters

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.