Yousif Capital Management LLC Acquires 165 Shares of Thomson Reuters Co. $TRI

Yousif Capital Management LLC grew its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,161 shares of the business services provider’s stock after purchasing an additional 165 shares during the quarter. Yousif Capital Management LLC’s holdings in Thomson Reuters were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its holdings in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 139 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at about $37,000. SBI Securities Co. Ltd. increased its stake in shares of Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 69 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at approximately $77,000. Finally, Whittier Trust Co. boosted its stake in Thomson Reuters by 1,008.9% during the 1st quarter. Whittier Trust Co. now owns 621 shares of the business services provider’s stock worth $107,000 after acquiring an additional 565 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRI. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $188.00 to $200.00 in a research note on Wednesday, August 6th. Huber Research raised Thomson Reuters to an “overweight” rating in a research note on Monday. The Goldman Sachs Group set a $186.00 target price on Thomson Reuters and gave the company a “buy” rating in a research note on Wednesday, October 15th. National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Finally, Wells Fargo & Company upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $202.64.

Thomson Reuters Price Performance

NYSE:TRI opened at $163.45 on Friday. The stock has a market capitalization of $73.01 billion, a PE ratio of 33.43, a P/E/G ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 1-year low of $149.47 and a 1-year high of $218.42. The firm has a fifty day simple moving average of $165.39 and a 200 day simple moving average of $182.41. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. On average, research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s payout ratio is 65.75%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.