J. Safra Sarasin Holding AG Purchases Shares of 5,588 Thomson Reuters Co. $TRI

J. Safra Sarasin Holding AG acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,588 shares of the business services provider’s stock, valued at approximately $868,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TRI. Curio Wealth LLC boosted its position in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after buying an additional 162 shares during the last quarter. Westside Investment Management Inc. bought a new position in Thomson Reuters during the 2nd quarter valued at $34,000. Ameritas Advisory Services LLC purchased a new position in Thomson Reuters during the 2nd quarter worth $37,000. AlphaCore Capital LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter worth $39,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of 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. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the topic of several analyst reports. Morgan Stanley set a $165.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. cut their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada reduced their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Canaccord Genuity Group set a $174.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Scotiabank restated an “outperform” rating and issued a $189.00 price objective (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.55.

Thomson Reuters Trading Down 1.4%

NYSE:TRI opened at $117.28 on Thursday. Thomson Reuters Co. has a 12 month low of $116.86 and a 12 month high of $218.42. 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 firm’s 50 day moving average is $129.67 and its 200 day moving average is $155.43. The stock has a market capitalization of $52.19 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 5.67 and a beta of 0.80.

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

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $2.38 annualized dividend and a yield of 2.0%. Thomson Reuters’s dividend 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.