Intech Investment Management LLC Has $1.06 Million Stake in Thomson Reuters Corp $TRI

Intech Investment Management LLC trimmed its stake in Thomson Reuters Corp (NASDAQ:TRI) by 88.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,002 shares of the company’s stock after selling 61,953 shares during the period. Intech Investment Management LLC’s holdings in Thomson Reuters were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Thomson Reuters by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after purchasing an additional 85,684 shares during the last quarter. Profund Advisors LLC acquired a new stake in Thomson Reuters in the 3rd quarter worth $5,061,000. ING Groep NV acquired a new stake in Thomson Reuters in the 3rd quarter worth $3,667,000. ProShare Advisors LLC acquired a new stake in Thomson Reuters in the 3rd quarter worth $75,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Thomson Reuters in the 3rd quarter worth $5,593,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRI has been the topic of several research analyst reports. Scotiabank set a $138.00 price target on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a report on Tuesday, February 10th. Barclays reaffirmed an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. The Goldman Sachs Group set a $112.66 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Saturday, February 7th. Finally, Argus initiated coverage on shares of Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $86.04 on Friday. The company has a 50-day moving average of $89.40 and a 200-day moving average of $107.21. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.28 and a beta of 0.77. Thomson Reuters Corp has a 52 week low of $78.60 and a 52 week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 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 during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

About Thomson Reuters

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.