SG Americas Securities LLC Has $10.24 Million Position in Thomson Reuters Corp $TRI

by · The Cerbat Gem

SG Americas Securities LLC decreased its stake in Thomson Reuters Corp (NASDAQ:TRI – Free Report) by 17.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,864 shares of the company’s stock after selling 24,052 shares during the period. SG Americas Securities LLC’s holdings in Thomson Reuters were worth $10,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after acquiring an additional 85,684 shares in the last quarter. TD Asset Management Inc increased its holdings in Thomson Reuters by 0.7% in the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after purchasing an additional 33,418 shares in the last quarter. TLT Family Holdco ULC bought a new position in Thomson Reuters in the second quarter valued at about $865,442,000. SEG Family Corp. bought a new position in Thomson Reuters in the second quarter valued at about $659,930,000. Finally, Morgan Stanley boosted its stake in shares of Thomson Reuters by 31.2% during the fourth quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock valued at $369,597,000 after purchasing an additional 665,743 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. Barclays reiterated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Scotiabank set a $138.00 price target on shares of Thomson Reuters and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Bank of America lowered their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, Argus initiated coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.84.

View Our Latest Analysis on Thomson Reuters

Thomson Reuters Trading Up 3.5%

NASDAQ:TRI opened at $83.87 on Friday. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $218.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.21 and a beta of 0.77. The firm has a fifty day simple moving average of $86.60 and a two-hundred day simple moving average of $101.40.

Thomson Reuters (NASDAQ:TRI – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

About Thomson Reuters

(Free Report)

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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