Thomson Reuters Corp $TRI Stock Position Raised by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 430.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,832 shares of the company’s stock after buying an additional 59,112 shares during the quarter. Thomson Reuters makes up about 1.2% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 25th largest holding. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $6,561,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after acquiring an additional 85,684 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Thomson Reuters during the 3rd quarter valued at $5,593,000. Bank of Nova Scotia lifted its stake in shares of Thomson Reuters by 16.5% in the 3rd quarter. Bank of Nova Scotia now owns 435,265 shares of the company’s stock valued at $67,612,000 after purchasing an additional 61,597 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $4,988,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Thomson Reuters by 19.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock valued at $10,235,000 after purchasing an additional 12,470 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Scotiabank set a $138.00 target price on Thomson Reuters and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Bank of America dropped their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.84.

Thomson Reuters Stock Up 3.5%

Shares of TRI stock opened at $83.87 on Friday. The firm’s fifty day moving average price is $86.60 and its two-hundred day moving average price is $101.40. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $218.42. The firm has a market capitalization of $36.58 billion, a P/E ratio of 24.40, a PEG ratio of 1.25 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.1%. Thomson Reuters’s dividend payout ratio is currently 76.16%.

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.