Deutsche Bank AG Purchases New Stake in Thomson Reuters Corp $TRI

Deutsche Bank AG bought a new stake in Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 332,339 shares of the company’s stock, valued at approximately $27,142,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $448,000. AQR Capital Management LLC lifted its holdings in Thomson Reuters by 30.3% in the first quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock worth $2,964,000 after buying an additional 3,988 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Thomson Reuters in the 1st quarter worth approximately $205,000. Prudential Financial Inc. bought a new position in Thomson Reuters in the 2nd quarter valued at approximately $234,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Thomson Reuters in the second quarter worth approximately $646,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 0.3%

Shares of Thomson Reuters stock opened at $105.53 on Friday. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $180.00. The stock has a market cap of $45.97 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.55 and a beta of 0.75. The company has a fifty day simple moving average of $93.08 and a 200-day simple moving average of $92.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. On average, equities analysts forecast that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is currently 69.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotia lowered their price objective on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group dropped their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price target on Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.83.

About Thomson Reuters

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.