Thomson Reuters Corp $TRI Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 74.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,772 shares of the company’s stock after selling 122,893 shares during the period. Hsbc Holdings PLC’s holdings in Thomson Reuters were worth $5,652,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Penbrook Management LLC lifted its stake in shares of Thomson Reuters by 0.4% in the 4th quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after purchasing an additional 100 shares in the last quarter. Public Sector Pension Investment Board increased its position in Thomson Reuters by 0.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Thomson Reuters by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after buying an additional 101 shares during the period. Natixis Advisors LLC lifted its position in Thomson Reuters by 0.6% during the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after buying an additional 103 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Thomson Reuters by 1.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock valued at $1,060,000 after buying an additional 134 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 3.5%

TRI opened at $83.87 on Friday. The firm’s 50 day moving average is $86.60 and its 200-day moving average is $101.40. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-week high of $218.42. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $36.58 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.25 and a beta of 0.77.

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

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s payout ratio is presently 76.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Bank of America reduced their target price on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Wells Fargo & Company upped 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 report on Wednesday, May 6th. Barclays reiterated an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.