Thomson Reuters Corp $TRI Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 56.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 359,050 shares of the company’s stock after buying an additional 128,835 shares during the period. Pictet Asset Management Holding SA’s holdings in Thomson Reuters were worth $47,452,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its position in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after acquiring an additional 83 shares during the period. Westside Investment Management Inc. boosted its holdings in Thomson Reuters by 100.0% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after purchasing an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Thomson Reuters in the third quarter valued at $57,000. UMB Bank n.a. grew its stake in Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Thomson Reuters by 22.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 609 shares of the company’s stock worth $95,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRI. Bank of America increased their price target on Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Barclays lowered their price objective on Thomson Reuters from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. 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 report on Tuesday, February 10th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the stock an “outperformer” rating in a research note on Friday, January 16th. Finally, Scotiabank reiterated an “outperform” rating and set a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.23.

Thomson Reuters Stock Up 3.8%

Shares of NASDAQ TRI opened at $93.29 on Thursday. The business has a 50-day moving average of $93.42 and a two-hundred day moving average of $117.11. The company has a market capitalization of $41.32 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83. Thomson Reuters Corp has a 1 year low of $79.71 and a 1 year high of $218.42. 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 released its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. On average, analysts forecast that Thomson Reuters Corp will post 4.39 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a $0.655 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, February 17th. Thomson Reuters’s payout ratio is currently 78.68%.

Thomson Reuters Company Profile

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.