Hsbc Holdings PLC Sells 9,579 Shares of Thomson Reuters Corp $TRI

Hsbc Holdings PLC cut its position in Thomson Reuters Corp (NASDAQ:TRI) by 22.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,193 shares of the company’s stock after selling 9,579 shares during the quarter. Hsbc Holdings PLC’s holdings in Thomson Reuters were worth $2,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after acquiring an additional 85,684 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Thomson Reuters by 19.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock worth $10,235,000 after purchasing an additional 12,470 shares during the last quarter. GF Fund Management CO. LTD. lifted its position in shares of Thomson Reuters by 14.4% during the 4th quarter. GF Fund Management CO. LTD. now owns 93,832 shares of the company’s stock worth $12,376,000 after purchasing an additional 11,832 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Thomson Reuters by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company’s stock valued at $65,031,000 after purchasing an additional 46,680 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in Thomson Reuters during the 4th quarter valued at approximately $4,292,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $90.15 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50-day moving average of $86.04 and a 200-day moving average of $95.30. Thomson Reuters Corp has a 52 week low of $76.28 and a 52 week high of $206.45. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.34 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the firm posted $1.12 EPS. Thomson Reuters’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRI. UBS Group set a $185.74 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Finally, Barclays reiterated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.92.

Thomson Reuters 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.