RFG Advisory LLC Purchases New Position in Thomson Reuters Corp $TRI

RFG Advisory LLC acquired a new position in Thomson Reuters Corp (NASDAQ:TRI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,535 shares of the company’s stock, valued at approximately $2,388,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRI. Empowered Funds LLC bought a new stake in Thomson Reuters in the fourth quarter worth approximately $30,000. Timmons Wealth Management LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth $42,000. Montag A & Associates Inc. bought a new position in shares of Thomson Reuters during the 4th quarter valued at $43,000. J.Safra Asset Management Corp bought a new position in shares of Thomson Reuters during the 4th quarter valued at $56,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 3.5%

TRI stock opened at $83.87 on Friday. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77. The company has a 50-day moving average of $86.60 and a two-hundred day moving average of $101.40. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-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.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s payout ratio is currently 76.16%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TRI shares. Barclays reiterated 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. Scotiabank set a $138.00 price target on Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Wells Fargo & Company upped their price target on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Argus began coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, 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.