Northwest & Ethical Investments L.P. Has $8.06 Million Stock Position in Thomson Reuters Co. $TRI

Northwest & Ethical Investments L.P. lessened its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,291 shares of the business services provider’s stock after selling 4,197 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Thomson Reuters were worth $8,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Curio Wealth LLC increased its holdings in Thomson Reuters by 16,200.0% in the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after buying an additional 162 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $34,000. Ameritas Advisory Services LLC bought a new position in Thomson Reuters in the second quarter valued at approximately $37,000. AlphaCore Capital LLC acquired a new position in Thomson Reuters during the second quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. lifted its stake in Thomson Reuters by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after purchasing an additional 73 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $133.94 on Thursday. The firm has a market capitalization of $59.83 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 5.67 and a beta of 0.74. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $150.24 and its 200-day moving average price is $176.34. Thomson Reuters Co. has a 12 month low of $131.11 and a 12 month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Thomson Reuters has set its FY 2025 guidance at EPS. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 1.8%. Thomson Reuters’s dividend payout ratio (DPR) is presently 61.18%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price target on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Huber Research upgraded Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Canaccord Genuity Group set a $174.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and lifted their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.