NEOS Investment Management LLC Has $21.52 Million Stock Holdings in Thomson Reuters Corp $TRI

NEOS Investment Management LLC grew its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,473 shares of the company’s stock after purchasing an additional 24,264 shares during the period. NEOS Investment Management LLC owned about 0.06% of Thomson Reuters worth $21,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Thomson Reuters by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company’s stock worth $65,031,000 after buying an additional 46,680 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Thomson Reuters during the second quarter valued at approximately $38,770,000. Vest Financial LLC raised its holdings in shares of Thomson Reuters by 95.2% during the second quarter. Vest Financial LLC now owns 93,557 shares of the company’s stock valued at $7,641,000 after acquiring an additional 45,618 shares during the period. TD Asset Management Inc lifted its position in shares of Thomson Reuters by 0.7% in the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock valued at $616,342,000 after acquiring an additional 33,418 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Thomson Reuters by 37.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,968 shares of the company’s stock worth $40,578,000 after purchasing an additional 122,625 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Down 5.4%

Thomson Reuters stock opened at $105.68 on Friday. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $180.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $46.04 billion, a PE ratio of 28.13, a P/E/G ratio of 2.15 and a beta of 0.74. The firm’s 50 day moving average price is $98.33 and its two-hundred day moving average price is $93.08.

Thomson Reuters (NASDAQ:TRI) last issued its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts predict that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. The ex-dividend date is 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 69.68%.

Analyst Ratings Changes

Several research firms have weighed in on TRI. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Bank of America reduced their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Barclays reaffirmed an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.57.

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.