ProShare Advisors LLC Has $91.15 Million Holdings in Thomson Reuters Corp $TRI

ProShare Advisors LLC grew its stake in Thomson Reuters Corp (NASDAQ:TRI) by 41.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 691,067 shares of the company’s stock after buying an additional 202,822 shares during the period. ProShare Advisors LLC’s holdings in Thomson Reuters were worth $91,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in shares of Thomson Reuters by 5.4% during the 4th quarter. HighTower Advisors LLC now owns 10,607 shares of the company’s stock worth $1,400,000 after purchasing an additional 539 shares during the last quarter. Abacus Wealth Partners LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $1,059,000. iA Global Asset Management Inc. lifted its position in shares of Thomson Reuters by 6.0% during the 4th quarter. iA Global Asset Management Inc. now owns 55,307 shares of the company’s stock worth $7,294,000 after purchasing an additional 3,114 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Thomson Reuters by 288.9% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,435 shares of the company’s stock worth $189,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Thomson Reuters by 72.8% during the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $92,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Down 2.9%

Thomson Reuters stock opened at $87.35 on Wednesday. The business has a 50 day moving average price of $92.52 and a two-hundred day moving average price of $112.43. 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 stock has a market cap of $38.10 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Thomson Reuters Corp has a 12 month low of $78.60 and a 12 month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.18 by $0.05. The firm 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%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. As a group, equities analysts forecast that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 3.0%. Thomson Reuters’s dividend payout ratio is 77.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America cut their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a research report on Tuesday, February 10th. The Goldman Sachs Group set a $112.66 price objective on Thomson Reuters and gave the stock a “buy” rating in a research report on Saturday, February 7th. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets set a $167.47 price objective on Thomson Reuters in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

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.