Aviso Financial Inc. Grows Holdings in Thomson Reuters Co. $TRI

Aviso Financial Inc. boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,897 shares of the business services provider’s stock after purchasing an additional 1,204 shares during the period. Aviso Financial Inc.’s holdings in Thomson Reuters were worth $14,254,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TRI. Curio Wealth LLC boosted its stake in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after buying an additional 162 shares during the period. Westside Investment Management Inc. acquired a new position in Thomson Reuters in the 2nd quarter valued at about $34,000. Ameritas Advisory Services LLC purchased a new stake in Thomson Reuters during the 2nd quarter valued at approximately $37,000. AlphaCore Capital LLC acquired a new stake in Thomson Reuters during the 2nd quarter worth approximately $39,000. Finally, SBI Securities Co. Ltd. lifted its position in Thomson Reuters by 30.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after acquiring an additional 73 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $172.00 target price on Thomson Reuters in a report on Tuesday, November 4th. CIBC set a $198.00 price objective on shares of Thomson Reuters and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised shares of 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 note on Tuesday, September 9th. Canaccord Genuity Group set a $174.00 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada lowered their target price on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.27.

Thomson Reuters Trading Down 1.9%

Shares of Thomson Reuters stock opened at $132.50 on Tuesday. The company has a 50-day moving average of $151.67 and a two-hundred day moving average of $177.01. Thomson Reuters Co. has a 12-month low of $131.11 and a 12-month high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $59.18 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Thomson Reuters has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.595 per share. 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 (DPR) is 61.18%.

About Thomson Reuters

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.