5,588 Shares in Thomson Reuters Co. $TRI Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 5,588 shares of the business services provider’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Thomson Reuters in the fourth quarter worth approximately $448,000. AQR Capital Management LLC raised its holdings in Thomson Reuters by 30.3% during the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock worth $2,964,000 after purchasing an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Thomson Reuters in the 1st quarter worth approximately $205,000. Janney Montgomery Scott LLC boosted its stake in shares of Thomson Reuters by 710.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 61,065 shares of the business services provider’s stock valued at $12,282,000 after purchasing an additional 53,532 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Thomson Reuters by 11.0% during the second quarter. HB Wealth Management LLC now owns 1,598 shares of the business services provider’s stock worth $322,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.4%

Shares of NYSE:TRI opened at $117.28 on Thursday. The business’s 50 day simple moving average is $129.67 and its two-hundred day simple moving average is $155.43. The firm has a market cap of $52.19 billion, a P/E ratio of 23.98, 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. Thomson Reuters Co. has a 52-week low of $116.86 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is 61.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $186.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company dropped their price objective on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Royal Bank Of Canada cut their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lowered their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, CIBC set a $183.00 price target on Thomson Reuters and gave the stock an “outperformer” rating in a report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $188.55.

Thomson Reuters 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.