Lombard Odier Asset Management Switzerland SA Sells 7,165 Shares of Thomson Reuters Corp $TRI

Lombard Odier Asset Management Switzerland SA cut its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 46.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,186 shares of the company’s stock after selling 7,165 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Thomson Reuters were worth $739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Thomson Reuters by 0.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after buying an additional 100 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Thomson Reuters by 1.8% during the 4th quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after acquiring an additional 101 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Thomson Reuters by 0.6% during the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after acquiring an additional 103 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Thomson Reuters by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock valued at $885,000 after acquiring an additional 130 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Thomson Reuters by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock worth $871,000 after acquiring an additional 134 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

NASDAQ TRI opened at $103.29 on Wednesday. Thomson Reuters Corp has a 52 week low of $76.28 and a 52 week high of $204.46. The firm has a market capitalization of $44.99 billion, a P/E ratio of 30.05, a PEG ratio of 1.45 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $86.52 and a 200-day moving average price of $94.62.

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

Thomson Reuters Dividend Announcement

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. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TRI shares. Weiss Ratings cut shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Bank of America dropped their target price on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Barclays reaffirmed an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.92.

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.