Korea Investment CORP Has $20.31 Million Holdings in Thomson Reuters Co. $TRI

Key Points

• Korea Investment CORP increased its stake in Thomson Reuters by 5.7%, acquiring additional shares valued at approximately $20.31 million.
• Thomson Reuters reported an earnings per share (EPS) of $0.87 for the last quarter, exceeding analysts' estimates, and achieved a revenue growth of 2.6% year-over-year.
• The company declared a quarterly dividend of $0.595, which translates to an annual yield of 1.4%, with payment scheduled for September 10th.

Korea Investment CORP raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,737 shares of the business services provider's stock after acquiring an additional 6,298 shares during the quarter. Korea Investment CORP's holdings in Thomson Reuters were worth $20,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Northern Trust Corp grew its stake in Thomson Reuters by 14.5% during the 1st quarter. Northern Trust Corp now owns 231,880 shares of the business services provider's stock valued at $40,064,000 after acquiring an additional 29,326 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in Thomson Reuters by 81.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 44,488 shares of the business services provider's stock valued at $7,682,000 after acquiring an additional 19,925 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in Thomson Reuters by 2,723.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider's stock valued at $1,551,000 after acquiring an additional 8,660 shares in the last quarter. Prudential PLC grew its stake in Thomson Reuters by 40.1% during the 1st quarter. Prudential PLC now owns 7,065 shares of the business services provider's stock valued at $1,219,000 after acquiring an additional 2,022 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Thomson Reuters during the 1st quarter valued at about $23,126,000. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

TRI traded down $1.58 on Tuesday, hitting $175.10. The company had a trading volume of 908,461 shares, compared to its average volume of 890,100. The company's fifty day moving average price is $193.58 and its 200 day moving average price is $185.52. Thomson Reuters Co. has a 1-year low of $151.60 and a 1-year high of $218.42. 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 market cap of $78.91 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

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

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, August 19th. Thomson Reuters's payout ratio is 65.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Securities lowered their target price on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company lowered their target price on Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Canaccord Genuity Group boosted their price target on Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of "Hold" and an average price target of $194.20.

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.