Savant Capital LLC Boosts Stake in Thomson Reuters Co. $TRI

Savant Capital LLC grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,080 shares of the business services provider’s stock after acquiring an additional 823 shares during the period. Savant Capital LLC’s holdings in Thomson Reuters were worth $821,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its holdings in shares of Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after purchasing an additional 139 shares during the period. Curio Wealth LLC raised its holdings in Thomson Reuters by 16,200.0% in the second 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 position in Thomson Reuters during the second quarter valued at approximately $34,000. Ameritas Advisory Services LLC acquired a new position in Thomson Reuters during the second quarter valued at approximately $37,000. Finally, SBI Securities Co. Ltd. grew its stake in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after buying an additional 69 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NYSE:TRI opened at $140.54 on Friday. The firm has a 50-day moving average of $156.96 and a two-hundred day moving average of $179.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $62.77 billion, a P/E ratio of 28.74, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 1-year low of $134.50 and a 1-year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Thomson Reuters has set its FY 2025 guidance at EPS. On average, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is presently 61.18%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRI shares. Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $187.00 to $212.00 in a research note on Tuesday, September 9th. JPMorgan Chase & Co. lowered their price target on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and raised their price objective for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. Huber Research upgraded Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group set a $186.00 target price on Thomson Reuters and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.27.

Thomson Reuters 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.