Thomson Reuters Co. $TRI Position Boosted by Fiera Capital Corp

Fiera Capital Corp lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,518,855 shares of the business services provider’s stock after purchasing an additional 26,588 shares during the quarter. Thomson Reuters accounts for 1.7% of Fiera Capital Corp’s portfolio, making the stock its 15th largest position. Fiera Capital Corp owned about 0.56% of Thomson Reuters worth $506,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. lifted its position in Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after buying an additional 139 shares in the last quarter. Curio Wealth LLC raised its holdings in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after acquiring an additional 162 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Thomson Reuters during the second quarter worth $34,000. Ameritas Advisory Services LLC acquired a new stake in Thomson Reuters during the second quarter valued at $37,000. Finally, SBI Securities Co. Ltd. grew its stake in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 69 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Shares of TRI opened at $138.28 on Thursday. The company has a market capitalization of $61.76 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a one year low of $134.50 and a one year high of $218.42. The company’s fifty day moving average price is $157.72 and its 200 day moving average price is $179.85.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results 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. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Thomson Reuters has set its FY 2025 guidance at EPS. As a group, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share 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 issued a dividend of $0.595 per share. The ex-dividend date is Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.7%. Thomson Reuters’s payout ratio is 61.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRI shares. Huber Research upgraded Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. CIBC set a $198.00 price objective on shares of Thomson Reuters and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and raised their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $189.00 price objective (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.