Jupiter Topco LLC Acquires Shares of 13,462 Thomson Reuters Corp $TRI

Jupiter Topco LLC acquired a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,462 shares of the company’s stock, valued at approximately $1,099,000.

Other institutional investors have also recently made changes to their positions in the company. TLT Family Holdco ULC purchased a new stake in shares of Thomson Reuters in the second quarter valued at about $865,442,000. SEG Family Corp. bought a new stake in Thomson Reuters in the 2nd quarter worth about $659,930,000. Invesco Ltd. grew its position in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after purchasing an additional 1,851,677 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Thomson Reuters in the 2nd quarter valued at about $107,223,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Thomson Reuters in the 2nd quarter valued at about $102,215,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 5.4%

Thomson Reuters stock opened at $105.68 on Friday. The firm has a 50 day moving average price of $98.33 and a 200-day moving average price of $93.08. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00. The company has a market capitalization of $46.04 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.04 and a beta of 0.74.

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

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s payout ratio is presently 69.68%.

Analyst Ratings Changes

TRI has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Scotiabank reissued a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Bank of America cut their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.57.

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.