Louisbourg Investments Inc. Has $1.26 Million Stake in Thomson Reuters Co. (NYSE:TRI)

Louisbourg Investments Inc. trimmed its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,822 shares of the business services provider’s stock after selling 310 shares during the period. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $1,255,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $26,000. Asset Dedication LLC lifted its holdings in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after buying an additional 130 shares during the period. Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $47,000. Exchange Traded Concepts LLC lifted its holdings in Thomson Reuters by 104.4% in the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 167 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after buying an additional 200 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Scotiabank increased their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Stock Down 0.2 %

Shares of TRI stock opened at $178.63 on Wednesday. The firm has a fifty day moving average of $164.83 and a 200-day moving average of $165.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $179.45. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is 44.17%.

About Thomson Reuters

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.