Thomson Reuters Co. $TRI Stock Holdings Boosted by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 74.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,590 shares of the business services provider’s stock after buying an additional 12,590 shares during the quarter. Thomson Reuters makes up approximately 1.6% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 6th largest position. Catalyst Funds Management Pty Ltd’s holdings in Thomson Reuters were worth $5,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRI. Brighton Jones LLC purchased a new position in Thomson Reuters during the fourth quarter valued at $448,000. Kestra Private Wealth Services LLC boosted its holdings in Thomson Reuters by 36.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,597 shares of the business services provider’s stock worth $1,485,000 after buying an additional 2,280 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Thomson Reuters during the 1st quarter worth approximately $626,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Thomson Reuters by 1.7% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 23,568 shares of the business services provider’s stock valued at $4,072,000 after acquiring an additional 383 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock valued at $951,477,000 after acquiring an additional 750,063 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 1.0%

Shares of TRI opened at $134.31 on Thursday. Thomson Reuters Co. has a 12-month low of $132.58 and a 12-month high of $218.42. The firm has a market capitalization of $59.99 billion, a P/E ratio of 27.47, a P/E/G ratio of 5.67 and a beta of 0.74. The firm has a 50-day moving average price of $154.04 and a 200 day moving average price of $178.21. 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 posted its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Thomson Reuters has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is presently 61.18%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TRI shares. Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $187.00 to $212.00 in a research note on Tuesday, September 9th. The Goldman Sachs Group set a $186.00 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, October 15th. Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research note on Tuesday, November 4th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and boosted their price target for the stock from $275.00 to $285.00 in a research report on Thursday, August 28th. Finally, Scotiabank reiterated an “outperform” rating and issued a $189.00 price objective (down previously from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and a consensus price target of $195.27.

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.