Numerai GP LLC Has $2.65 Million Holdings in Thomson Reuters Corp $TRI

Numerai GP LLC raised its position in Thomson Reuters Corp (NASDAQ:TRI) by 401.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,049 shares of the company’s stock after purchasing an additional 13,647 shares during the period. Numerai GP LLC’s holdings in Thomson Reuters were worth $2,648,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TRI. Maxi Investments CY Ltd acquired a new stake in shares of Thomson Reuters during the third quarter worth $513,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Thomson Reuters by 164.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 510,450 shares of the company’s stock valued at $79,295,000 after acquiring an additional 317,308 shares during the last quarter. Larson Financial Group LLC grew its holdings in Thomson Reuters by 5.4% during the 3rd quarter. Larson Financial Group LLC now owns 22,920 shares of the company’s stock worth $3,560,000 after acquiring an additional 1,177 shares during the period. Lido Advisors LLC grew its holdings in Thomson Reuters by 97.1% during the 3rd quarter. Lido Advisors LLC now owns 45,212 shares of the company’s stock worth $7,023,000 after acquiring an additional 22,269 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Thomson Reuters by 195.2% in the 3rd quarter. Gotham Asset Management LLC now owns 21,316 shares of the company’s stock worth $3,311,000 after acquiring an additional 14,094 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRI. BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a research note on Friday, February 6th. Morgan Stanley set a $116.00 target price on Thomson Reuters in a report on Friday, February 6th. Bank of America boosted their price target on Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. UBS Group set a $131.50 price target on Thomson Reuters in a report on Friday, February 6th. Finally, Wells Fargo & Company set a $140.00 price objective on shares of Thomson Reuters and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average price target of $151.42.

Thomson Reuters Stock Performance

Shares of TRI opened at $96.13 on Tuesday. Thomson Reuters Corp has a one year low of $79.71 and a one year high of $218.42. The company has a market cap of $42.78 billion, a PE ratio of 28.87, a P/E/G ratio of 1.44 and a beta of 0.81. The stock has a 50-day moving average of $105.73 and a 200-day moving average of $133.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.655 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 17th. This represents a $2.62 dividend on an annualized basis and a yield of 2.7%. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

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.