Cooper Investors PTY Ltd. Sells 5,867 Shares of Thomson Reuters Corp $TRI

Cooper Investors PTY Ltd. decreased its position in Thomson Reuters Corp (NASDAQ:TRI) by 12.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,753 shares of the company’s stock after selling 5,867 shares during the period. Thomson Reuters comprises 2.2% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 15th biggest position. Cooper Investors PTY Ltd.’s holdings in Thomson Reuters were worth $4,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in shares of Thomson Reuters during the 2nd quarter valued at about $45,000. Western Wealth Management LLC acquired a new position in Thomson Reuters in the 1st quarter worth about $48,000. GK Wealth Management LLC acquired a new position in Thomson Reuters in the 3rd quarter worth about $53,000. SBI Securities Co. Ltd. boosted its position in Thomson Reuters by 66.9% during the second quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock worth $64,000 after purchasing an additional 315 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Thomson Reuters by 135.8% during the first quarter. Fifth Third Bancorp now owns 823 shares of the company’s stock worth $74,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI traded up $0.89 during mid-day trading on Tuesday, hitting $105.14. 740,391 shares of the company were exchanged, compared to its average volume of 2,162,137. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $164.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50 day moving average of $101.79 and a 200-day moving average of $93.41. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.98 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.87 EPS. Thomson Reuters’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Thomson Reuters Corp will post 4.48 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $0.6550 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. Thomson Reuters’s payout ratio is currently 69.68%.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 24th. Barclays reduced their target price on Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Morgan Stanley set a $110.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday. Scotiabank reiterated a “sector outperform” rating and set a $135.00 target price on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.97.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global content and technology company that provides trusted information, software, and services to professionals and organizations. Its offerings are designed to support legal, tax, accounting, corporate, government, and media customers with research, workflow management, compliance, and decision-making.

The company serves legal professionals through products such as Westlaw, Practical Law, and CoCounsel, its generative artificial intelligence legal assistant.