STF Management LP Takes $948,000 Position in Thomson Reuters Co. $TRI

STF Management LP bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the third quarter, HoldingsChannel reports. The institutional investor bought 6,104 shares of the business services provider’s stock, valued at approximately $948,000.

A number of other large investors have also added to or reduced their stakes in TRI. Dorsey & Whitney Trust CO LLC lifted its holdings in Thomson Reuters by 4.6% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider’s stock worth $284,000 after buying an additional 62 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Thomson Reuters by 30.9% in the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after acquiring an additional 73 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Thomson Reuters by 21.2% in the third quarter. UMB Bank n.a. now owns 441 shares of the business services provider’s stock worth $69,000 after acquiring an additional 77 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 83 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Thomson Reuters by 3.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,274 shares of the business services provider’s stock valued at $659,000 after purchasing an additional 95 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TRI. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. BMO Capital Markets set a $165.00 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Morgan Stanley set a $116.00 price objective on Thomson Reuters in a report on Friday, February 6th. Finally, UBS Group set a $131.50 target price on Thomson Reuters in a report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Stock Up 4.4%

NYSE:TRI opened at $109.44 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $109.67 and a 200-day moving average of $137.49. The firm has a market capitalization of $48.70 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81. Thomson Reuters Co. has a 52 week low of $79.71 and a 52 week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $0.655 dividend. The ex-dividend date is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.