Thomson Reuters Co. $TRI Shares Sold by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management inc. reduced its stake in Thomson Reuters Co. by 13.3% during the second quarter, holding 46,995 shares worth approximately $9.43 million.
• A range of institutional investors have adjusted their positions in Thomson Reuters, with some increasing their stakes—SBI Securities Co. Ltd. notably raised its position by 41.3%.
• Recent research reports have seen mixed ratings for Thomson Reuters, with Scotiabank upgrading its stock to "sector outperform" and raising the price target to $200.00, while Morgan Stanley downgraded its target to $187.00, reflecting varied analyst sentiment.

Triasima Portfolio Management inc. trimmed its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,995 shares of the business services provider's stock after selling 7,210 shares during the quarter. Thomson Reuters comprises 1.7% of Triasima Portfolio Management inc.'s portfolio, making the stock its 12th largest position. Triasima Portfolio Management inc.'s holdings in Thomson Reuters were worth $9,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PFG Investments LLC raised its position in shares of Thomson Reuters by 2.2% during the 2nd quarter. PFG Investments LLC now owns 2,660 shares of the business services provider's stock worth $535,000 after purchasing an additional 57 shares during the period. Rhumbline Advisers raised its position 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 worth $770,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Thomson Reuters by 41.3% during the 1st 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. Signaturefd LLC raised its position in shares of Thomson Reuters by 0.8% during the 2nd quarter. Signaturefd LLC now owns 8,426 shares of the business services provider's stock worth $1,695,000 after purchasing an additional 70 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Thomson Reuters by 3.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider's stock worth $474,000 after purchasing an additional 82 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. Scotiabank upgraded Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $188.00 to $200.00 in a research report on Wednesday, August 6th. TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating and raised their target price for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. Royal Bank Of Canada 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 report on Thursday, August 7th. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Finally, Morgan Stanley lowered their target price on Thomson Reuters from $197.00 to $187.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $202.82.

Thomson Reuters Stock Performance

TRI opened at $151.54 on Wednesday. The firm has a market cap of $68.04 billion, a PE ratio of 30.99, a P/E/G 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. The business has a fifty day simple moving average of $172.32 and a 200-day simple moving average of $183.70. Thomson Reuters Co. has a fifty-two week low of $149.88 and a fifty-two week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data 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. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.6%. Thomson Reuters's dividend payout ratio (DPR) is currently 65.75%.

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.

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