Triasima Portfolio Management inc. Has $1.24 Million Holdings in Thomson Reuters Corp $TRI

Key Points

• Triasima Portfolio Management Inc. trimmed its stake by 68.4%, selling 20,337 shares and ending the quarter with 9,411 shares worth $1.244 million.
• Analyst sentiment is mixed-to-positive with a consensus rating of "Moderate Buy" and an average price target of $148.23, while individual targets range from $87 to $183 and ratings include 10 Buys, 5 Holds, 1 Sell and 1 Strong Buy.
• Thomson Reuters opened at $94.41 (52‑week range $79.71–$218.42), has a market cap of $41.8B and a P/E of 28.35, and recently increased its quarterly dividend to $0.655 (annualized $2.62, ~2.8% yield).

Triasima Portfolio Management inc. trimmed its stake in shares of Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 68.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,411 shares of the company's stock after selling 20,337 shares during the period. Triasima Portfolio Management inc.'s holdings in Thomson Reuters were worth $1,244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRI. Brighton Jones LLC acquired a new position in shares of Thomson Reuters during the fourth quarter worth approximately $448,000. AQR Capital Management LLC lifted its position in shares of Thomson Reuters by 30.3% during the first quarter. AQR Capital Management LLC now owns 17,152 shares of the company's stock worth $2,964,000 after purchasing an additional 3,988 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Thomson Reuters during the first quarter worth approximately $205,000. Prudential Financial Inc. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $234,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $646,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group set a $183.00 target price on shares of Thomson Reuters and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Canaccord Genuity Group reduced their target price on shares of Thomson Reuters from $174.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Wells Fargo & Company set a $87.00 target price on shares of Thomson Reuters and gave the stock an "equal weight" rating in a research report on Tuesday, April 14th. Bank of America upped their target price on shares of Thomson Reuters from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 10th. Finally, Scotiabank reiterated an "outperform" rating and set a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $148.23.

Thomson Reuters Stock Performance

Shares of NASDAQ TRI opened at $94.41 on Monday. The company's 50 day simple moving average is $93.63 and its 200 day simple moving average is $116.45. Thomson Reuters Corp has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The firm has a market capitalization of $41.82 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. On average, analysts predict that Thomson Reuters Corp will post 4.4 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $0.655 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, February 17th. Thomson Reuters's dividend payout ratio (DPR) is currently 78.68%.

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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