Triasima Portfolio Management inc. Has $4.62 Million Stock Holdings in Thomson Reuters Co. $TRI

Triasima Portfolio Management inc. reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,748 shares of the business services provider’s stock after selling 17,247 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Thomson Reuters were worth $4,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRI. TLT Family Holdco ULC bought a new stake in Thomson Reuters during the second quarter worth about $865,442,000. LCC Family Corp. acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at approximately $813,253,000. SEG Family Corp. bought a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Norges Bank acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $275,036,000. Finally, HRT Financial LP increased its stake in Thomson Reuters by 115.4% in the second quarter. HRT Financial LP now owns 1,388,588 shares of the business services provider’s stock valued at $279,286,000 after acquiring an additional 743,923 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. Scotiabank restated an “outperform” rating and set a $189.00 target price (down from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. CIBC set a $183.00 price target on Thomson Reuters and gave the stock an “outperformer” rating in a report on Friday. Wells Fargo & Company reduced their price objective on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Royal Bank Of Canada decreased their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.55.

Thomson Reuters Stock Performance

NYSE:TRI opened at $122.72 on Tuesday. The stock’s 50-day moving average is $132.04 and its 200-day moving average is $159.04. Thomson Reuters Co. has a 1-year low of $122.99 and a 1-year high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $54.59 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 5.67 and a beta of 0.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $0.595 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 1.9%. Thomson Reuters’s payout ratio is currently 61.18%.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.