Dynamic Technology Lab Private Ltd Buys New Shares in Thomson Reuters Co. $TRI

Dynamic Technology Lab Private Ltd purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,790 shares of the business services provider’s stock, valued at approximately $1,210,000.

Other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $39,000. Cullen Frost Bankers Inc. increased its holdings in shares of Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after buying an additional 83 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Thomson Reuters by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the business services provider’s stock worth $52,000 after buying an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Thomson Reuters in the 3rd quarter worth $57,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Thomson Reuters by 30.9% in the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRI shares. The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a report on Friday, February 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 target price on Thomson Reuters and gave the stock an “outperformer” rating in a report on Friday, January 16th. Finally, Canaccord Genuity Group dropped their target price on shares of Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Stock Up 1.8%

Shares of NYSE TRI opened at $111.46 on Monday. Thomson Reuters Co. has a 12-month low of $79.71 and a 12-month high of $218.42. The company has a market cap of $49.60 billion, a P/E ratio of 22.79, a P/E/G ratio of 5.67 and a beta of 0.81. 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 fifty day moving average price of $109.24 and a 200 day moving average price of $136.52.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.