Vest Financial LLC Makes New $1.95 Million Investment in Thomson Reuters Co. $TRI

Vest Financial LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 12,565 shares of the business services provider’s stock, valued at approximately $1,952,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in Thomson Reuters during the fourth quarter valued at about $448,000. AQR Capital Management LLC lifted its holdings in Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Thomson Reuters during the 1st quarter valued at about $205,000. Assenagon Asset Management S.A. grew its stake in shares of Thomson Reuters by 1.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,011 shares of the business services provider’s stock worth $1,206,000 after purchasing an additional 85 shares during the last quarter. Finally, Norden Group LLC raised its holdings in shares of Thomson Reuters by 19.1% in the 2nd quarter. Norden Group LLC now owns 1,878 shares of the business services provider’s stock worth $378,000 after purchasing an additional 301 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley set a $165.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Wells Fargo & Company reduced their price objective on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Canaccord Genuity Group set a $174.00 target price on Thomson Reuters and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada decreased their price target on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.55.

Thomson Reuters Stock Up 1.4%

TRI stock opened at $121.85 on Friday. The firm has a market cap of $54.20 billion, a PE ratio of 24.92, a PEG ratio of 5.67 and a beta of 0.80. Thomson Reuters Co. has a 1 year low of $118.64 and a 1 year high of $218.42. The company has a fifty day simple moving average of $130.98 and a 200 day simple moving average of $157.96. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s payout ratio is 61.18%.

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.