Thomson Reuters Corp $TRI Stock Holdings Reduced by Cooper Investors PTY Ltd.

by · The Cerbat Gem

Cooper Investors PTY Ltd. lessened its stake in shares of Thomson Reuters Corp (NASDAQ:TRI – Free Report) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,753 shares of the company’s stock after selling 5,867 shares during the period. Thomson Reuters makes up about 2.2% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 15th biggest position. Cooper Investors PTY Ltd.’s holdings in Thomson Reuters were worth $4,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TRI. PNC Financial Services Group Inc. increased its position in shares of Thomson Reuters by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock valued at $885,000 after acquiring an additional 130 shares during the period. Kestra Advisory Services LLC lifted its position in Thomson Reuters by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock worth $871,000 after acquiring an additional 134 shares during the period. Griffin Asset Management Inc. grew its stake in Thomson Reuters by 1.4% during the 1st quarter. Griffin Asset Management Inc. now owns 12,646 shares of the company’s stock valued at $1,138,000 after purchasing an additional 175 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in Thomson Reuters by 25.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 907 shares of the company’s stock valued at $82,000 after purchasing an additional 183 shares during the last quarter. Finally, Burkett Asset Management Ltd grew its stake in Thomson Reuters by 1.6% during the 3rd quarter. Burkett Asset Management Ltd now owns 15,627 shares of the company’s stock valued at $1,525,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of several research analyst reports. Canaccord Genuity Group reduced their price objective on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Scotiabank reiterated a “sector outperform” rating and issued a $135.00 target price on shares of Thomson Reuters in a research report on Thursday, August 6th. Scotia dropped their target price on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 24th. Finally, Royal Bank Of Canada raised their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.97.

View Our Latest Research Report on Thomson Reuters

Thomson Reuters Stock Performance

TRI traded up $0.89 during midday trading on Tuesday, hitting $105.14. 740,391 shares of the company were exchanged, compared to its average volume of 2,162,137. The company’s 50 day simple moving average is $101.79 and its 200 day simple moving average is $93.41. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.98 and a beta of 0.75. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $164.30.

Thomson Reuters (NASDAQ:TRI – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. As a group, sell-side analysts predict that Thomson Reuters Corp will post 4.48 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $0.6550 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a yield of 2.5%. Thomson Reuters’s payout ratio is presently 69.68%.

Thomson Reuters Profile

(Free Report)

Thomson Reuters Corporation is a global content and technology company that provides trusted information, software, and services to professionals and organizations. Its offerings are designed to support legal, tax, accounting, corporate, government, and media customers with research, workflow management, compliance, and decision-making.

The company serves legal professionals through products such as Westlaw, Practical Law, and CoCounsel, its generative artificial intelligence legal assistant.

See Also

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