STF Management LP Buys Shares of 6,104 Thomson Reuters Co. $TRI

STF Management LP purchased a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,104 shares of the business services provider’s stock, valued at approximately $948,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC acquired a new position in Thomson Reuters in the 2nd quarter valued at about $39,000. Cullen Frost Bankers Inc. raised its position 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 buying an additional 83 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Thomson Reuters by 100.0% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the business services provider’s stock valued at $52,000 after buying an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Thomson Reuters during the third quarter worth approximately $57,000. Finally, SBI Securities Co. Ltd. grew its stake in Thomson Reuters by 30.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TRI shares. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. BMO Capital Markets set a $165.00 price target on Thomson Reuters in a report on Friday, February 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price on the stock in a research report on Tuesday, February 10th. Canaccord Genuity Group lowered their target price on shares of Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, UBS Group set a $131.50 price target on shares of Thomson Reuters in a research note on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.42.

Thomson Reuters Trading Up 4.4%

Shares of TRI stock opened at $109.44 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The firm’s 50 day moving average price is $109.67 and its two-hundred day moving average price is $137.49. The stock has a market cap of $48.70 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a $0.655 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

About Thomson Reuters

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.