Hsbc Holdings PLC Has $2.99 Million Position in Thomson Reuters Corp $TRI

Hsbc Holdings PLC decreased its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 22.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,193 shares of the company’s stock after selling 9,579 shares during the quarter. Hsbc Holdings PLC’s holdings in Thomson Reuters were worth $2,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Thomson Reuters by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after purchasing an additional 85,684 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Thomson Reuters by 19.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock worth $10,235,000 after purchasing an additional 12,470 shares during the period. GF Fund Management CO. LTD. boosted its holdings in shares of Thomson Reuters by 14.4% during the fourth quarter. GF Fund Management CO. LTD. now owns 93,832 shares of the company’s stock worth $12,376,000 after purchasing an additional 11,832 shares during the period. Bank of New York Mellon Corp grew its position in Thomson Reuters by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company’s stock valued at $65,031,000 after purchasing an additional 46,680 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new position in Thomson Reuters during the fourth quarter valued at approximately $4,292,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

TRI stock opened at $90.15 on Friday. The firm has a 50 day moving average of $86.04 and a two-hundred day moving average of $95.30. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $206.45. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.34 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.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. Thomson Reuters’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, equities analysts anticipate that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is 76.16%.

Analyst Ratings Changes

TRI has been the subject of a number of research analyst reports. Scotiabank set a $138.00 target price on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays restated 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. Argus initiated coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.92.

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.