Louisbourg Investments Inc. Cuts Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Louisbourg Investments Inc. cut its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 36.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,960 shares of the business services provider's stock after selling 2,862 shares during the period. Louisbourg Investments Inc.'s holdings in Thomson Reuters were worth $857,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Dynamic Advisor Solutions LLC purchased a new stake in Thomson Reuters during the first quarter worth about $6,008,000. Wealth Enhancement Advisory Services LLC boosted its stake in Thomson Reuters by 173.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,099 shares of the business services provider's stock valued at $4,164,000 after acquiring an additional 15,301 shares during the last quarter. Griffin Asset Management Inc. grew its position in shares of Thomson Reuters by 87.8% during the 1st quarter. Griffin Asset Management Inc. now owns 12,161 shares of the business services provider's stock valued at $2,101,000 after acquiring an additional 5,686 shares during the period. Fifth Third Bancorp increased its stake in shares of Thomson Reuters by 42.8% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after purchasing an additional 145 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Thomson Reuters by 24.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 47,611 shares of the business services provider's stock worth $8,226,000 after purchasing an additional 9,448 shares during the period. 17.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Monday. Bank of America assumed coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Barclays increased their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $187.30.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $0.08 during midday trading on Thursday, reaching $195.96. 581,480 shares of the stock were exchanged, compared to its average volume of 440,613. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $199.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $88.28 billion, a PE ratio of 40.07, a PEG ratio of 5.67 and a beta of 0.77. The company's fifty day moving average is $188.71 and its 200-day moving average is $175.48.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $1.11 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

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.