Citigroup Inc. Purchases 263,165 Shares of Thomson Reuters Co. $TRI

Citigroup Inc. grew its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 326.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 343,732 shares of the business services provider’s stock after purchasing an additional 263,165 shares during the period. Citigroup Inc. owned about 0.08% of Thomson Reuters worth $53,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRI. Vanguard Group Inc. lifted its holdings in Thomson Reuters by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,690,956 shares of the business services provider’s stock worth $883,680,000 after acquiring an additional 73,725 shares in the last quarter. TLT Family Holdco ULC acquired a new stake in shares of Thomson Reuters during the second quarter worth about $865,442,000. LCC Family Corp. acquired a new stake in shares of Thomson Reuters during the second quarter worth about $813,253,000. SEG Family Corp. bought a new position in shares of Thomson Reuters during the 2nd quarter valued at about $659,930,000. Finally, Fiera Capital Corp grew its position in shares of Thomson Reuters by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 2,518,855 shares of the business services provider’s stock valued at $506,211,000 after purchasing an additional 26,588 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group set a $131.50 target price on shares of Thomson Reuters in a report on Friday, February 6th. The Goldman Sachs Group set a $111.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Saturday, February 7th. BMO Capital Markets set a $165.00 target price on shares of Thomson Reuters in a research note on Friday, February 6th. 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 report on Wednesday, February 4th. Finally, Wells Fargo & Company set a $140.00 price target on Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Stock Down 2.8%

Shares of TRI stock opened at $80.86 on Tuesday. The firm’s fifty day moving average price is $114.77 and its two-hundred day moving average price is $141.04. 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 Co. has a 1 year low of $79.71 and a 1 year high of $218.42. The firm has a market capitalization of $35.98 billion, a P/E ratio of 16.54, a PEG ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. On average, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.655 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Thomson Reuters Company Profile

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.