Canada Pension Plan Investment Board Has $71.62 Million Stock Holdings in Thomson Reuters Co. $TRI

Key Points

• The Canada Pension Plan Investment Board increased its stake in Thomson Reuters Co. by 97.9%, owning approximately $71.62 million worth of shares after purchasing 205,306 additional shares in the first quarter.
• Thomson Reuters reported $0.87 earnings per share for the last quarter, surpassing analysts' expectations of $0.83, with quarterly revenue growing by 2.6% year-over-year.
• The company declared a quarterly dividend of $0.595 payable on September 10th, representing an annualized yield of 1.3% and a dividend payout ratio of 65.75%.

Canada Pension Plan Investment Board increased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 97.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 414,960 shares of the business services provider's stock after purchasing an additional 205,306 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.09% of Thomson Reuters worth $71,620,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in TRI. Rhumbline Advisers grew its holdings in shares of Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock valued at $770,000 after acquiring an additional 68 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after purchasing an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Thomson Reuters by 5.5% during the 1st quarter. Compound Planning Inc. now owns 1,919 shares of the business services provider's stock worth $332,000 after purchasing an additional 100 shares in the last quarter. Finally, Sara Bay Financial lifted its holdings in shares of Thomson Reuters by 3.3% during the 1st quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock valued at $560,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TRI shares. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. TD Securities upgraded shares of Thomson Reuters from a "hold" rating to a "buy" rating and raised their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Wells Fargo & Company lowered their target price on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group raised their target price on Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Moderate Buy" and an average price target of $201.90.

Thomson Reuters Stock Performance

NYSE TRI traded up $1.75 during trading on Thursday, hitting $179.25. The company's stock had a trading volume of 358,901 shares, compared to its average volume of 891,660. The firm has a 50 day moving average price of $191.36 and a 200 day moving average price of $185.46. The firm has a market cap of $80.78 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.3%. Thomson Reuters's dividend payout ratio is 65.75%.

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.