Impact Investors Inc Grows Stock Position in Thomson Reuters Co. $TRI

Impact Investors Inc increased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,185 shares of the business services provider’s stock after buying an additional 498 shares during the period. Impact Investors Inc’s holdings in Thomson Reuters were worth $1,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRI. TD Asset Management Inc boosted its position in shares of Thomson Reuters by 15.7% in the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock worth $951,477,000 after buying an additional 750,063 shares in the last quarter. Millennium Management LLC raised its stake in Thomson Reuters by 365.6% in the 1st quarter. Millennium Management LLC now owns 894,074 shares of the business services provider’s stock valued at $154,475,000 after purchasing an additional 702,036 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Thomson Reuters by 36.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock valued at $274,462,000 after purchasing an additional 421,279 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Thomson Reuters by 97.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 414,960 shares of the business services provider’s stock valued at $71,620,000 after purchasing an additional 205,306 shares during the last quarter. Finally, Junto Capital Management LP acquired a new position in Thomson Reuters in the 1st quarter valued at about $34,422,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Up 1.0%

TRI opened at $152.98 on Friday. The firm has a 50 day moving average price of $174.27 and a 200 day moving average price of $183.87. The company has a market cap of $68.69 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 1 year low of $149.88 and a 1 year high of $218.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $0.595 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.6%. Thomson Reuters’s dividend payout ratio (DPR) is 65.75%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research note on Thursday, September 11th. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their price objective for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Royal Bank Of Canada dropped their price objective on shares of Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a research note on Thursday, August 7th. CIBC raised shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.82.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.