Junto Capital Management LP Invests $34.42 Million in Thomson Reuters Co. $TRI

Key Points

• Junto Capital Management LP has acquired a new position in Thomson Reuters Co., purchasing 199,224 shares valued at approximately $34.4 million during the first quarter.
• Thomson Reuters reported an EPS of $0.87 for the last quarter, exceeding the consensus estimate of $0.83, and had a revenue of $1.81 billion, up 2.6% year-over-year.
• The company has announced a quarterly dividend of $0.595 per share, reflecting a 1.3% dividend yield and a dividend payout ratio of 65.75%.

Junto Capital Management LP bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 199,224 shares of the business services provider's stock, valued at approximately $34,422,000.

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

Thomson Reuters Stock Down 0.4%

TRI stock traded down $0.65 during mid-day trading on Monday, reaching $177.61. The company had a trading volume of 1,132,455 shares, compared to its average volume of 894,063. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $192.11 and a two-hundred day simple moving average of $185.57. The company has a market capitalization of $80.04 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 5.67 and a beta of 0.77. 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 posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

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

Analyst Ratings Changes

TRI has been the topic of a number of research analyst reports. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $188.00 to $200.00 in a research report on Wednesday, August 6th. National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and lifted their target price for the company from $275.00 to $285.00 in a research report on Thursday. Wells Fargo & Company dropped their target price on 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, CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $201.90.

Thomson Reuters Company Profile

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.