State of Wisconsin Investment Board boosted its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 208,043 shares of the business services provider’s stock after buying an additional 26,415 shares during the quarter. State of Wisconsin Investment Board’s holdings in Thomson Reuters were worth $12,313,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of TRI. Lunia Capital LP acquired a new position in Thomson Reuters in the fourth quarter worth approximately $15,308,000. Norges Bank acquired a new position in Thomson Reuters in the fourth quarter worth approximately $99,235,000. Fiera Capital Corp grew its position in Thomson Reuters by 126.5% in the fourth quarter. Fiera Capital Corp now owns 1,468,765 shares of the business services provider’s stock worth $71,077,000 after buying an additional 820,277 shares during the last quarter. Janus Henderson Group PLC grew its position in Thomson Reuters by 1,006.9% in the first quarter. Janus Henderson Group PLC now owns 678,021 shares of the business services provider’s stock worth $40,131,000 after buying an additional 616,767 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Thomson Reuters by 137.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 865,316 shares of the business services provider’s stock worth $41,804,000 after buying an additional 501,014 shares during the last quarter. Hedge funds and other institutional investors own 20.44% of the company’s stock.
Several research analysts have issued reports on TRI shares. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 22nd. ValuEngine raised shares of Thomson Reuters from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Morgan Stanley raised their price objective on shares of Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, CIBC reaffirmed an “average” rating and issued a $56.00 price objective on shares of Thomson Reuters in a research note on Wednesday, February 27th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Thomson Reuters has an average rating of “Hold” and a consensus target price of $58.40.
Thomson Reuters stock opened at $64.90 on Friday. Thomson Reuters Corp has a 52 week low of $43.87 and a 52 week high of $67.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $33.03 billion, a P/E ratio of 86.53, a PEG ratio of 7.29 and a beta of 0.56.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Thomson Reuters had a net margin of 78.52% and a return on equity of 4.25%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities analysts forecast that Thomson Reuters Corp will post 1.13 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, May 22nd. Thomson Reuters’s dividend payout ratio (DPR) is currently 192.00%.
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Thomson Reuters Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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