Gideon Capital Advisors Inc. Invests $216,000 in Thomson Reuters Corp (TRI)
Gideon Capital Advisors Inc. acquired a new position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,462 shares of the business services provider’s stock, valued at approximately $216,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TRI. Private Capital Group LLC increased its holdings in shares of Thomson Reuters by 86.8% during the fourth quarter. Private Capital Group LLC now owns 964 shares of the business services provider’s stock worth $47,000 after buying an additional 448 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $82,000. Enlightenment Research LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $92,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $118,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $200,000. 21.41% of the stock is owned by institutional investors.
TRI has been the topic of several research analyst reports. CIBC reissued an “average” rating and set a $56.00 price target on shares of Thomson Reuters in a research note on Wednesday, February 27th. Morgan Stanley set a $58.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, January 8th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, December 5th. National Bank Financial reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, December 5th. Finally, Canaccord Genuity cut shares of Thomson Reuters from a “buy” rating to a “hold” rating and increased their price target for the company from $50.00 to $52.00 in a research note on Wednesday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $53.36.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.14. Thomson Reuters had a net margin of 71.79% and a return on equity of 4.00%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Thomson Reuters’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Thomson Reuters Corp will post 1.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 2.56%. Thomson Reuters’s dividend payout ratio (DPR) is presently 192.00%.
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Thomson Reuters Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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