Thomson Reuters Corp $TRI Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,224,706 shares of the company’s stock after purchasing an additional 76,800 shares during the quarter. Geode Capital Management LLC’s holdings in Thomson Reuters were worth $297,536,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TRI. Brighton Jones LLC acquired a new position in Thomson Reuters during the 4th quarter valued at approximately $448,000. AQR Capital Management LLC boosted its holdings in shares of Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock valued at $2,964,000 after acquiring an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Thomson Reuters in the 1st quarter valued at $205,000. Prudential Financial Inc. purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at $234,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at $646,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $93.96 on Tuesday. Thomson Reuters Corp has a 12-month low of $78.60 and a 12-month high of $218.42. The stock has a market cap of $40.99 billion, a P/E ratio of 27.34, a PEG ratio of 1.29 and a beta of 0.77. The company has a 50-day moving average price of $89.87 and a 200 day moving average price of $108.56. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11.

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

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. BMO Capital Markets set a $167.47 price objective on shares of Thomson Reuters in a report on Friday, February 6th. Morgan Stanley set a $117.74 price objective on shares of Thomson Reuters in a report on Friday, February 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective on the stock in a report on Tuesday, February 10th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s 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 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.