Intech Investment Management LLC Sells 61,953 Shares of Thomson Reuters Corp $TRI

Intech Investment Management LLC reduced its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 88.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,002 shares of the company’s stock after selling 61,953 shares during the period. Intech Investment Management LLC’s holdings in Thomson Reuters were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRI. Montag A & Associates Inc. bought a new position in Thomson Reuters during the 4th quarter valued at about $43,000. Hantz Financial Services Inc. increased its position in Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after acquiring an additional 607 shares in the last quarter. Allworth Financial LP increased its position in Thomson Reuters by 72.8% in the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $92,000 after acquiring an additional 295 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Thomson Reuters by 53.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock valued at $96,000 after acquiring an additional 215 shares in the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Thomson Reuters by 29.6% during the 4th quarter. Bayforest Capital Ltd now owns 827 shares of the company’s stock worth $109,000 after buying an additional 189 shares during the period. 17.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Argus assumed coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company. Weiss Ratings cut shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Scotiabank set a $138.00 price target on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Finally, UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average price target of $144.84.

Thomson Reuters Stock Up 0.3%

Shares of NASDAQ:TRI opened at $86.04 on Friday. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a 50 day moving average of $89.40 and a 200-day moving average of $107.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters Corp has a one year low of $78.60 and a one year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last issued 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 firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, sell-side analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.655 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.0%. Thomson Reuters’s payout ratio is currently 76.16%.

Thomson Reuters 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.