Avanza Fonder AB Has $2.23 Million Position in Thomson Reuters Corp $TRI

Avanza Fonder AB increased its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 94.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,896 shares of the company’s stock after purchasing an additional 8,220 shares during the period. Avanza Fonder AB’s holdings in Thomson Reuters were worth $2,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters during the second quarter valued at about $865,442,000. LCC Family Corp. acquired a new stake in Thomson Reuters during the second quarter worth about $813,253,000. SEG Family Corp. acquired a new stake in Thomson Reuters during the second quarter worth about $659,930,000. Invesco Ltd. increased its stake 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 acquiring an additional 1,851,677 shares during the period. Finally, Norges Bank bought a new position in Thomson Reuters during the second quarter valued at about $275,036,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $87.40 on Wednesday. Thomson Reuters Corp has a 52 week low of $79.71 and a 52 week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. The company’s 50 day moving average price is $101.37 and its two-hundred day moving average price is $129.77. The company has a market capitalization of $38.89 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.36 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $0.655 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 17th. This represents a $2.62 dividend on an annualized basis and a yield of 3.0%. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Morgan Stanley set a $116.00 target price on shares of Thomson Reuters in a research report on Friday, February 6th. UBS Group set a $131.50 price target on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $95.00 price target (down from $120.00) on shares of Thomson Reuters in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of $147.96.

Thomson Reuters Company Profile

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.