Deutsche Bank AG Buys New Holdings in Thomson Reuters Corp $TRI

Deutsche Bank AG purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 332,339 shares of the company’s stock, valued at approximately $27,142,000. Deutsche Bank AG owned approximately 0.08% of Thomson Reuters as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TLT Family Holdco ULC bought a new stake in Thomson Reuters during the second quarter valued at $865,442,000. SEG Family Corp. bought a new position in Thomson Reuters in the second quarter valued at $659,930,000. Invesco Ltd. grew its holdings in shares of Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Norges Bank bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $153,417,000. Finally, Morgan Stanley grew its stake in shares of Thomson Reuters by 31.2% in the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after buying an additional 665,743 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $105.53 on Friday. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00. The company has a market capitalization of $45.97 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.75. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $93.08 and a 200-day simple moving average of $92.12.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. Thomson Reuters’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. As a group, equities research analysts expect that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $0.655 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 69.68%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRI. Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Scotiabank reissued a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a report on Thursday, August 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Bank of America reduced their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, Barclays reissued an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus price target of $142.83.

About Thomson Reuters

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.