Thomson Reuters Corp $TRI Stake Raised by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,607,468 shares of the company’s stock after acquiring an additional 242,214 shares during the quarter. CIBC Asset Management Inc owned about 0.36% of Thomson Reuters worth $212,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Thomson Reuters by 21.2% in the third quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after buying an additional 77 shares in the last quarter. Penbrook Management LLC increased its holdings in shares of Thomson Reuters by 0.4% in the fourth quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after buying an additional 100 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Thomson Reuters by 0.8% in the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after buying an additional 100 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Thomson Reuters by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after buying an additional 101 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Thomson Reuters by 0.6% in the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after buying an additional 103 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

Shares of TRI opened at $86.33 on Wednesday. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 1.40 and a beta of 0.77. Thomson Reuters Corp has a fifty-two week low of $78.60 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average is $89.87 and its 200-day moving average is $108.56.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.0%. Thomson Reuters’s dividend payout ratio is 76.16%.

Analyst Ratings Changes

Several research analysts have issued reports on TRI shares. Argus started coverage on Thomson Reuters in a report on Wednesday, April 22nd. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their price target on Thomson Reuters from $162.40 to $101.50 and set a “neutral” rating on the stock in a report on Friday, February 6th. BMO Capital Markets set a $167.47 price objective on Thomson Reuters in a report on Friday, February 6th. Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Canaccord Genuity Group cut their price objective on Thomson Reuters from $176.61 to $131.95 and set a “buy” rating on the stock in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued 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 an average target price 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.