ING Groep NV Sells 18,999 Shares of Thomson Reuters Corp $TRI

ING Groep NV decreased its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 80.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,608 shares of the company’s stock after selling 18,999 shares during the quarter. ING Groep NV’s holdings in Thomson Reuters were worth $608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRI. Montag A & Associates Inc. bought a new stake in Thomson Reuters in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC increased its holdings in Thomson Reuters by 53.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock worth $96,000 after purchasing an additional 215 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after purchasing an additional 607 shares in the last quarter. Allworth Financial LP raised its stake in shares of Thomson Reuters by 72.8% in the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $92,000 after purchasing an additional 295 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $117,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $81.96 on Thursday. 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 business has a 50-day moving average of $88.85 and a 200-day moving average of $105.86. The stock has a market capitalization of $35.75 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.23 and a beta of 0.77. Thomson Reuters Corp has a fifty-two week low of $78.60 and a fifty-two week high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. Thomson Reuters’s dividend payout ratio is currently 76.16%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Argus started coverage on Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company. UBS Group set a $185.74 target price on Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Finally, Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus target price of $144.84.

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.