Thomson Reuters Corp $TRI Shares Purchased by Vest Financial LLC

Vest Financial LLC lifted its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 62.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 151,722 shares of the company’s stock after buying an additional 58,165 shares during the period. Vest Financial LLC’s holdings in Thomson Reuters were worth $14,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRI. Bank of America Corp DE lifted its holdings in Thomson Reuters by 48.7% in the first quarter. Bank of America Corp DE now owns 1,627,069 shares of the company’s stock worth $146,404,000 after buying an additional 532,803 shares during the period. First Trust Advisors LP grew its holdings in shares of Thomson Reuters by 33.3% during the 1st quarter. First Trust Advisors LP now owns 1,588,756 shares of the company’s stock worth $142,956,000 after acquiring an additional 397,150 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Thomson Reuters by 65.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,500,365 shares of the company’s stock worth $135,297,000 after acquiring an additional 591,642 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Thomson Reuters by 13.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,468,484 shares of the company’s stock worth $143,304,000 after acquiring an additional 171,375 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $107,223,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $123.26 on Friday. Thomson Reuters Corp has a fifty-two week low of $76.28 and a fifty-two week high of $164.30. The company has a 50 day simple moving average of $102.97 and a two-hundred day simple moving average of $94.53. The company has a market capitalization of $53.42 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.21 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Analysts expect that Thomson Reuters Corp will post 4.48 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $0.6550 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is 69.68%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Jefferies Financial Group started coverage on Thomson Reuters in a report on Tuesday. They issued a “buy” rating and a $130.00 price objective for the company. Canaccord Genuity Group lowered their price objective on Thomson Reuters from $132.50 to $129.50 and set a “buy” rating for the company in a research report on Thursday. Finally, Scotiabank reissued a “sector outperform” rating and set a $135.00 price objective on shares of Thomson Reuters in a research report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.69.

Thomson Reuters Profile

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.