Thomson Reuters Corp $TRI Shares Bought by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments increased its Thomson Reuters stake by 22.8% in the second quarter, bringing its holdings to 89,435 shares valued at approximately $7.29 million. Institutional investors and hedge funds collectively own 17.31% of the stock.
• Thomson Reuters exceeded quarterly expectations, reporting $0.99 in earnings per share versus the $0.96 consensus and $1.93 billion in revenue, up 9.5% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $142.83 price target, while the company declared a quarterly dividend of $0.655 per share, representing a 2.5% annualized yield.

Louisbourg Investments Inc. boosted its position in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,435 shares of the company's stock after purchasing an additional 16,603 shares during the quarter. Thomson Reuters comprises 1.3% of Louisbourg Investments Inc.'s holdings, making the stock its 23rd biggest position. Louisbourg Investments Inc.'s holdings in Thomson Reuters were worth $7,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRI. Public Sector Pension Investment Board increased its stake in shares of Thomson Reuters by 0.8% in the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company's stock valued at $2,629,000 after purchasing an additional 100 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Thomson Reuters by 1.8% during the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company's stock valued at $757,000 after buying an additional 101 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Thomson Reuters by 0.6% during the third quarter. Natixis Advisors LLC now owns 16,424 shares of the company's stock worth $2,551,000 after buying an additional 103 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Thomson Reuters by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company's stock worth $885,000 after buying an additional 130 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in Thomson Reuters by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company's stock worth $871,000 after buying an additional 134 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TRI. Royal Bank Of Canada raised their target price on Thomson Reuters from $121.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Bank of America reduced their price target on Thomson Reuters from $115.00 to $98.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. Canaccord Genuity Group decreased their price target on Thomson Reuters from $134.00 to $132.50 and set a "buy" rating for the company in a research note on Thursday, August 6th. Weiss Ratings lowered Thomson Reuters from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, June 23rd. Finally, Barclays restated an "overweight" rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.83.

Thomson Reuters Price Performance

NASDAQ TRI opened at $106.07 on Friday. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $180.00. The firm has a market capitalization of $46.21 billion, a PE ratio of 28.24, a P/E/G ratio of 1.51 and a beta of 0.75. The company's 50 day simple moving average is $90.59 and its 200 day simple moving average is $92.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, equities research analysts forecast that Thomson Reuters Corp will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $0.655 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters's dividend payout ratio is 69.68%.

Thomson Reuters 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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