BNP Paribas Financial Markets Purchases 100,415 Shares of Thomson Reuters Corp $TRI

BNP Paribas Financial Markets boosted its position in Thomson Reuters Corp (NASDAQ:TRI) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,198 shares of the company’s stock after buying an additional 100,415 shares during the period. BNP Paribas Financial Markets’ holdings in Thomson Reuters were worth $63,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRI. Montag A & Associates Inc. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $43,000. Westside Investment Management Inc. increased its holdings in Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after purchasing an additional 169 shares in the last quarter. UMB Bank n.a. increased its holdings in Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after purchasing an additional 607 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Thomson Reuters by 72.8% during the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $92,000 after purchasing an additional 295 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRI has been the subject of a number of recent research reports. UBS Group set a $185.74 price objective on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Canaccord Genuity Group cut their target price on Thomson Reuters from $176.61 to $131.95 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Wells Fargo & Company boosted their target price on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Barclays restated an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Finally, Morgan Stanley set a $117.74 target price on Thomson Reuters in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Trading Up 8.6%

Shares of TRI stock opened at $93.96 on Tuesday. The company’s fifty day simple moving average is $89.87 and its two-hundred day simple moving average is $108.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters Corp has a 1 year low of $78.60 and a 1 year high of $218.42. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.29 and a beta of 0.77.

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

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 2.8%. Thomson Reuters’s dividend payout ratio is presently 76.16%.

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.