Vise Technologies Inc. Acquires New Stake in Thomson Reuters Co. $TRI

Vise Technologies Inc. acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,746 shares of the business services provider’s stock, valued at approximately $1,759,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Thomson Reuters during the first quarter worth about $626,000. Aviva PLC lifted its stake in shares of Thomson Reuters by 6.8% during the 2nd quarter. Aviva PLC now owns 116,819 shares of the business services provider’s stock worth $23,487,000 after buying an additional 7,441 shares during the last quarter. Harvest Portfolios Group Inc. bought a new stake in shares of Thomson Reuters during the second quarter worth approximately $653,000. Goldman Sachs Group Inc. grew its stake in shares of Thomson Reuters by 36.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock valued at $274,462,000 after acquiring an additional 421,279 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Thomson Reuters in the 2nd quarter valued at $2,495,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRI has been the subject of several research reports. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Scotiabank restated an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research note on Wednesday, October 15th. 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 research note on Tuesday, September 9th. Finally, Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Tuesday, November 4th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.27.

Thomson Reuters Price Performance

NYSE TRI opened at $137.25 on Wednesday. The firm’s 50-day simple moving average is $158.51 and its two-hundred day simple moving average is $180.14. The company has a market cap of $61.30 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 52 week low of $134.50 and a 52 week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be issued 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 is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is presently 61.18%.

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.