Lido Advisors LLC Sells 20,810 Shares of Thomson Reuters Corp $TRI

Lido Advisors LLC lessened its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 45.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,998 shares of the company’s stock after selling 20,810 shares during the period. Lido Advisors LLC’s holdings in Thomson Reuters were worth $2,249,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after buying an additional 85,684 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Thomson Reuters by 19.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock worth $10,235,000 after acquiring an additional 12,470 shares during the last quarter. GF Fund Management CO. LTD. grew its stake in shares of Thomson Reuters by 14.4% in the fourth quarter. GF Fund Management CO. LTD. now owns 93,832 shares of the company’s stock worth $12,376,000 after acquiring an additional 11,832 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $65,031,000 after acquiring an additional 46,680 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in Thomson Reuters during the fourth quarter worth $4,292,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $90.15 on Monday. The firm has a market capitalization of $39.27 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average price is $86.04 and its two-hundred day moving average price is $95.05. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-week high of $206.45.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. On average, analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend 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 reports. Bank of America reduced their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Argus assumed coverage on shares of Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating on the stock. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. UBS Group set a $185.74 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus 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.