SG Americas Securities LLC Grows Position in Thomson Reuters Corp $TRI

SG Americas Securities LLC boosted its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 1,310.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,916 shares of the company’s stock after buying an additional 128,139 shares during the quarter. SG Americas Securities LLC’s holdings in Thomson Reuters were worth $18,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its position in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after acquiring an additional 83 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after acquiring an additional 169 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $57,000. MAI Capital Management grew its position in shares of Thomson Reuters by 1,476.9% during the 2nd quarter. MAI Capital Management now owns 410 shares of the company’s stock valued at $82,000 after acquiring an additional 384 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Thomson Reuters by 21.2% in the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of NASDAQ:TRI opened at $89.43 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters Corp has a 1 year low of $79.71 and a 1 year high of $218.42. The firm has a market capitalization of $39.80 billion, a PE ratio of 26.86, a P/E/G ratio of 1.35 and a beta of 0.81. The business’s 50 day moving average price is $99.19 and its 200-day moving average price is $128.62.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.655 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thomson Reuters in a report on Monday, December 29th. Wells Fargo & Company reissued an “equal weight” rating and issued a $95.00 price objective (down from $120.00) on shares of Thomson Reuters in a report on Monday, March 23rd. JPMorgan Chase & Co. cut their price objective on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. UBS Group set a $131.50 target price on Thomson Reuters in a research note on Friday, February 6th. Finally, Canaccord Genuity Group decreased their target price on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $147.96.

Thomson Reuters Company 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.