Thomson Reuters Corp $TRI Shares Purchased by Louisbourg Investments Inc.

Louisbourg Investments Inc. lifted its position in Thomson Reuters Corp (NASDAQ:TRI) by 222.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,720 shares of the company’s stock after purchasing an additional 9,464 shares during the quarter. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRI. Brighton Jones LLC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $448,000. AQR Capital Management LLC raised its position in shares of Thomson Reuters by 30.3% during the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock valued at $2,964,000 after buying an additional 3,988 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Thomson Reuters in the first quarter valued at approximately $205,000. Prudential Financial Inc. purchased a new position in Thomson Reuters in the second quarter worth approximately $234,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Thomson Reuters by 3.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,274 shares of the company’s stock worth $659,000 after acquiring an additional 95 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company restated an “equal weight” rating and issued a $95.00 target price (down from $120.00) on shares of Thomson Reuters in a research report on Monday, March 23rd. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a report on Friday, February 6th. UBS Group set a $131.50 target price on shares of Thomson Reuters in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Scotiabank reiterated an “outperform” rating and set a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.96.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $90.19 on Friday. The business has a 50-day moving average of $96.64 and a 200 day moving average of $126.30. Thomson Reuters Corp has a 12 month low of $79.71 and a 12 month high of $218.42. The stock has a market capitalization of $40.14 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s payout ratio is currently 78.68%.

Thomson Reuters Company Profile

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.