RFG Advisory LLC Buys New Shares in Thomson Reuters Corp $TRI

RFG Advisory LLC purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,535 shares of the company’s stock, valued at approximately $2,388,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRI. Empowered Funds LLC acquired a new position in shares of Thomson Reuters during the fourth quarter valued at about $30,000. Timmons Wealth Management LLC acquired a new stake in Thomson Reuters during the fourth quarter worth about $42,000. Montag A & Associates Inc. bought a new position in Thomson Reuters during the fourth quarter valued at about $43,000. J.Safra Asset Management Corp bought a new position in Thomson Reuters during the fourth quarter valued at about $56,000. Finally, Hantz Financial Services Inc. raised its holdings in Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after acquiring an additional 607 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 3.5%

NASDAQ TRI opened at $83.87 on Friday. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $218.42. The company has a market capitalization of $36.58 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.21 and a beta of 0.77. The stock’s 50 day moving average is $86.60 and its two-hundred day moving average is $101.40. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is currently 76.16%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Bank of America reduced their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.84.

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.