Korea Investment CORP Buys Shares of 25,162 Thomson Reuters Corp $TRI

Korea Investment CORP bought a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,162 shares of the company’s stock, valued at approximately $2,054,000.

Other large investors also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in Thomson Reuters in the second quarter valued at approximately $238,000. Allworth Financial LP purchased a new stake in Thomson Reuters in the second quarter worth $75,000. Fairtree Asset Management Pty Ltd purchased a new stake in Thomson Reuters in the second quarter worth $1,340,000. Vise Technologies Inc. bought a new stake in shares of Thomson Reuters in the second quarter valued at $646,000. Finally, E Fund Management Co. Ltd. purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at $1,089,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $108.62 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. Thomson Reuters Corp has a fifty-two week low of $76.28 and a fifty-two week high of $180.00. The stock has a market cap of $47.32 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.75. The stock has a fifty day moving average of $93.65 and a 200-day moving average of $92.10.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data 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. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business 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 dividend of $0.655 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. Thomson Reuters’s dividend payout ratio is currently 69.68%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TRI shares. Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Scotia dropped their price objective on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company set a $85.00 target price on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Barclays reiterated an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Finally, Scotiabank reissued a “sector outperform” rating and issued a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, Thomson Reuters 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.