NEOS Investment Management LLC Acquires 24,264 Shares of Thomson Reuters Corp $TRI

NEOS Investment Management LLC raised its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,473 shares of the company’s stock after acquiring an additional 24,264 shares during the quarter. NEOS Investment Management LLC’s holdings in Thomson Reuters were worth $21,518,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth $30,000. Timmons Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at $42,000. Continuum Advisory LLC bought a new stake in Thomson Reuters in the second quarter worth $45,000. Western Wealth Management LLC bought a new stake in Thomson Reuters in the first quarter worth $48,000. Finally, J.Safra Asset Management Corp acquired a new position in Thomson Reuters during the fourth quarter worth $56,000. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TRI. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Barclays reissued an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, Scotia dropped their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of $131.57.

Thomson Reuters Price Performance

NASDAQ TRI opened at $105.68 on Friday. The stock has a 50-day simple moving average of $98.33 and a 200 day simple moving average of $93.08. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00. The stock has a market capitalization of $46.04 billion, a PE ratio of 28.13, a P/E/G ratio of 2.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. Research analysts anticipate that Thomson Reuters Corp will post 4.45 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) 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.