Paragon Capital Management Inc. Invests $997,000 in Thomson Reuters Corp $TRI

Paragon Capital Management Inc. bought a new position in Thomson Reuters Corp (NASDAQ:TRI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,082 shares of the company’s stock, valued at approximately $997,000.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in Thomson Reuters during the fourth quarter worth approximately $30,000. Timmons Wealth Management LLC acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $42,000. Montag A & Associates Inc. purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $43,000. J.Safra Asset Management Corp purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $56,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after buying an additional 607 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $76.55 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.17 and a beta of 0.77. The firm’s fifty day simple moving average is $87.20 and its 200 day simple moving average is $102.68. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $218.42.

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

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s payout ratio is currently 76.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Barclays reissued an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Bank of America cut their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Argus began coverage on Thomson Reuters in a report on Wednesday, April 22nd. They issued a “hold” rating on the stock. Finally, Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.