Thomson Reuters Corp $TRI Position Boosted by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 22.8% in the 2nd quarter, Holdings Channel reports. The firm owned 89,435 shares of the company’s stock after buying an additional 16,603 shares during the period. Thomson Reuters makes up approximately 1.3% of Louisbourg Investments Inc.’s portfolio, making the stock its 23rd largest holding. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $7,291,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRI. Vanguard Group Inc. raised its position in shares of Thomson Reuters by 1.5% during the fourth 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 period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Thomson Reuters by 19.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock worth $10,235,000 after buying an additional 12,470 shares during the period. GF Fund Management CO. LTD. boosted its holdings in shares of Thomson Reuters by 14.4% in the fourth quarter. GF Fund Management CO. LTD. now owns 93,832 shares of the company’s stock worth $12,376,000 after buying an additional 11,832 shares during the period. Bank of New York Mellon Corp increased its position 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 acquiring an additional 46,680 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $4,292,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 3.4%

TRI opened at $106.07 on Friday. The company has a market capitalization of $46.21 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.75. The business has a 50-day moving average of $90.59 and a 200-day moving average of $92.57. Thomson Reuters Corp has a fifty-two week low of $76.28 and a fifty-two week high of $180.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last posted its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.655 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio is currently 69.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TRI shares. Bank of America decreased their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Barclays reiterated an “overweight” rating and set a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Argus began coverage on Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company. Scotiabank reiterated a “sector outperform” rating and issued a $135.00 target price on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, Canaccord Genuity Group decreased their price target on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $142.83.

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.