Entropy Technologies LP Increases Stock Holdings in Thomson Reuters Corp $TRI

Entropy Technologies LP grew its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 137.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,709 shares of the company’s stock after purchasing an additional 10,838 shares during the quarter. Entropy Technologies LP’s holdings in Thomson Reuters were worth $2,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after buying an additional 85,684 shares during the period. TD Asset Management Inc boosted its stake in shares of Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after acquiring an additional 33,418 shares during the last quarter. TLT Family Holdco ULC purchased a new position in shares of Thomson Reuters during the 2nd quarter worth $865,442,000. SEG Family Corp. bought a new stake in shares of Thomson Reuters during the 2nd quarter valued at $659,930,000. Finally, Morgan Stanley increased its stake in shares of Thomson Reuters by 31.2% in the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after purchasing an additional 665,743 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.2%

NASDAQ TRI opened at $80.47 on Tuesday. Thomson Reuters Corp has a 12 month low of $78.15 and a 12 month high of $218.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock has a market cap of $35.10 billion, a PE ratio of 23.41, a P/E/G ratio of 1.21 and a beta of 0.77. The stock’s 50 day moving average is $88.25 and its 200 day moving average is $104.69.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. Research analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s payout ratio is currently 76.16%.

Analysts Set New Price Targets

TRI has been the topic of a number of recent research reports. Bank of America decreased their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group set a $185.74 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Barclays restated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.84.

About Thomson Reuters

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.