Intact Investment Management Inc. Lowers Stock Holdings in Thomson Reuters Corp $TRI

Key Points

• Intact Investment Management cut its stake in Thomson Reuters by 71.9% in Q4, selling 16,144 shares and leaving it with 6,300 shares valued at $831,000.
• Analyst coverage is mixed: JPMorgan trimmed its target to $100 (neutral) while RBC upgraded to outperform at $126, and MarketBeat reports an average rating of “Moderate Buy” with an average target of $148.23.
• Thomson Reuters increased its quarterly dividend to $0.655 (annualized $2.62) for a ~2.7% yield; the stock trades near $95.75 with a 12‑month range of $79.71–$218.42.

Intact Investment Management Inc. decreased its position in shares of Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,300 shares of the company's stock after selling 16,144 shares during the quarter. Intact Investment Management Inc.'s holdings in Thomson Reuters were worth $831,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TRI. Montag A & Associates Inc. purchased a new stake in Thomson Reuters in the 4th quarter worth $43,000. PKO Investment Management Joint Stock Co purchased a new stake in Thomson Reuters in the 4th quarter worth $1,719,000. Benjamin Edwards Inc. lifted its stake in Thomson Reuters by 43.3% in the 4th quarter. Benjamin Edwards Inc. now owns 291,641 shares of the company's stock worth $38,541,000 after purchasing an additional 88,085 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Thomson Reuters by 42.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,188 shares of the company's stock worth $157,000 after purchasing an additional 354 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Thomson Reuters by 2.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 8,998 shares of the company's stock worth $1,187,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRI. JPMorgan Chase & Co. decreased their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating and set a $126.00 price target on the stock in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the stock an "outperformer" rating in a research note on Friday, January 16th. Wells Fargo & Company set a $87.00 price target on shares of Thomson Reuters and gave the stock an "equal weight" rating in a research note on Tuesday, April 14th. Finally, Bank of America boosted their price target on shares of Thomson Reuters from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 10th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.23.

Thomson Reuters Stock Performance

Shares of NASDAQ:TRI opened at $95.75 on Tuesday. The company has a market capitalization of $42.41 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.41 and a beta of 0.80. Thomson Reuters Corp has a 12 month low of $79.71 and a 12 month high of $218.42. The firm's 50-day moving average is $93.63 and its 200 day moving average is $116.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. Research analysts predict that Thomson Reuters Corp will post 4.4 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.655 per share. 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. This represents a $2.62 dividend on an annualized basis and a yield of 2.7%. Thomson Reuters's dividend payout ratio is 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.

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