US Bancorp DE Reduces Holdings in Thomson Reuters Co. $TRI

US Bancorp DE reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,856 shares of the business services provider’s stock after selling 7,072 shares during the period. US Bancorp DE’s holdings in Thomson Reuters were worth $1,842,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at about $213,000. Ameritas Investment Partners Inc. bought a new position in shares of Thomson Reuters during the third quarter valued at approximately $2,335,000. Citigroup Inc. lifted its holdings in shares of Thomson Reuters by 326.6% in the 3rd quarter. Citigroup Inc. now owns 343,732 shares of the business services provider’s stock worth $53,385,000 after purchasing an additional 263,165 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Thomson Reuters during the 3rd quarter valued at approximately $1,848,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Thomson Reuters in the third quarter worth $4,687,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI opened at $104.82 on Thursday. The firm has a market cap of $46.65 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81. The company’s fifty day moving average is $110.14 and its 200-day moving average is $137.69. Thomson Reuters Co. has a 12 month low of $79.71 and a 12 month high of $218.42. 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 (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm earned $1.01 EPS. Thomson Reuters’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed 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. 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 2.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRI shares. Scotiabank reaffirmed an “outperform” rating and set a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. Wells Fargo & Company set a $140.00 price objective on shares of Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research report on Tuesday, February 10th. BMO Capital Markets set a $165.00 target price on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, Morgan Stanley set a $116.00 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.42.

Thomson Reuters 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.