ING Groep NV Sells 18,999 Shares of Thomson Reuters Corp $TRI

ING Groep NV trimmed its position in Thomson Reuters Corp (NASDAQ:TRI) by 80.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,608 shares of the company’s stock after selling 18,999 shares during the quarter. ING Groep NV’s holdings in Thomson Reuters were worth $608,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TRI. Penbrook Management LLC boosted its stake in shares of Thomson Reuters by 0.4% in the 4th quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after purchasing an additional 100 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after buying an additional 100 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Thomson Reuters by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after buying an additional 101 shares during the period. Natixis Advisors LLC lifted its holdings in Thomson Reuters by 0.6% in the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after buying an additional 103 shares during the period. Finally, Syon Capital LLC boosted its stake in Thomson Reuters by 2.9% in the third quarter. Syon Capital LLC now owns 4,585 shares of the company’s stock valued at $712,000 after acquiring an additional 129 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 0.4%

Shares of NASDAQ:TRI opened at $81.96 on Thursday. The company has a 50 day moving average price of $88.85 and a two-hundred day moving average price of $105.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $35.75 billion, a PE ratio of 23.85, a PEG ratio of 1.23 and a beta of 0.77. Thomson Reuters Corp has a 52 week low of $78.60 and a 52 week high of $218.42.

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

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s payout ratio is presently 76.16%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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. Wells Fargo & Company increased their price target on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Argus began coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They set a “hold” rating for the company. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

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.