Rakuten Investment Management Inc. Makes New $957,000 Investment in Thomson Reuters Co. $TRI

Rakuten Investment Management Inc. purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,163 shares of the business services provider’s stock, valued at approximately $957,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRI. Curio Wealth LLC raised its position in shares of 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 purchasing an additional 162 shares during the period. Westside Investment Management Inc. bought a new stake in Thomson Reuters during the second quarter valued at about $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Thomson Reuters in the second quarter valued at about $37,000. AlphaCore Capital LLC bought a new position in shares of Thomson Reuters in the second quarter worth about $39,000. Finally, SBI Securities Co. Ltd. grew its position 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 worth $62,000 after purchasing an additional 73 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Up 1.3%

NYSE TRI opened at $123.40 on Friday. The stock has a 50 day moving average price of $130.63 and a 200-day moving average price of $157.12. Thomson Reuters Co. has a one year low of $118.64 and a one year high of $218.42. 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 company has a market capitalization of $54.91 billion, a P/E ratio of 25.24, a P/E/G ratio of 5.67 and a beta of 0.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Thomson Reuters’s revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced 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. This represents a $2.38 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is currently 61.18%.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research analyst reports. CIBC set a $183.00 price target on Thomson Reuters and gave the stock an “outperformer” rating in a report on Friday, January 16th. Morgan Stanley set a $165.00 target price on shares of Thomson Reuters and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday, November 5th. Royal Bank Of Canada reduced their price target on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.55.

Thomson Reuters Company 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.