PKO Investment Management Joint Stock Co Purchases New Shares in Thomson Reuters Corp $TRI
by Jessica Moore · The Cerbat GemPKO Investment Management Joint Stock Co purchased a new position in shares of Thomson Reuters Corp (NASDAQ:TRI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,000 shares of the company’s stock, valued at approximately $1,719,000.
A number of other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its holdings in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after purchasing an additional 83 shares during the period. Westside Investment Management Inc. raised its position in shares of Thomson Reuters by 100.0% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after buying an additional 169 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Thomson Reuters in the third quarter valued at approximately $57,000. UMB Bank n.a. boosted its stake in shares of Thomson Reuters by 21.2% in the third quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after buying an additional 77 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Thomson Reuters by 22.8% during the third quarter. Nisa Investment Advisors LLC now owns 609 shares of the company’s stock worth $95,000 after buying an additional 113 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.
Thomson Reuters Stock Down 1.3%
Shares of TRI opened at $94.41 on Friday. The firm has a 50 day simple moving average of $93.63 and a two-hundred day simple moving average of $116.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters Corp has a one year low of $79.71 and a one year high of $218.42. The company has a market cap of $41.82 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.41 and a beta of 0.81.
Thomson Reuters (NASDAQ:TRI – Get Free Report) last issued 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. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Research analysts forecast that Thomson Reuters Corp will post 4.4 EPS for the current fiscal year.
Thomson Reuters Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.8%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s payout ratio is 78.68%.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. UBS Group set a $183.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Bank of America boosted their price target on Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Finally, BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of $148.23.
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Thomson Reuters 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.
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