Cooper Investors PTY Ltd. Has $3.97 Million Position in Thomson Reuters Corp $TRI

Cooper Investors PTY Ltd. grew its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,620 shares of the company’s stock after buying an additional 6,184 shares during the quarter. Thomson Reuters makes up 1.8% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 26th largest position. Cooper Investors PTY Ltd.’s holdings in Thomson Reuters were worth $3,971,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. TLT Family Holdco ULC acquired 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 during the second quarter worth about $659,930,000. Invesco Ltd. boosted its position in Thomson Reuters by 461.1% during the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Thomson Reuters during the second quarter valued at approximately $107,223,000. Finally, Bank of America Corp DE bought a new position in Thomson Reuters in the second quarter valued at approximately $104,104,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on TRI. Canaccord Genuity Group lowered their price target on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Scotiabank reissued a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a report on Thursday, August 6th. Scotia decreased their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research note 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 report on Tuesday, June 30th. Finally, Royal Bank Of Canada upped their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating 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 and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.57.

Thomson Reuters Stock Performance

TRI stock traded down $6.87 during mid-day trading on Tuesday, hitting $98.81. 2,007,259 shares of the company were exchanged, compared to its average volume of 2,275,689. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $176.31. The stock has a market capitalization of $43.04 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. The business has a 50 day simple moving average of $98.79 and a 200-day simple moving average of $93.26. 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 announced its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company 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 firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. On average, equities analysts forecast that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 2.7%. Thomson Reuters’s dividend payout ratio (DPR) is presently 69.68%.

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.