Montrusco Bolton Investments Inc. Decreases Holdings in Thomson Reuters Co. $TRI

Montrusco Bolton Investments Inc. decreased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,328 shares of the business services provider’s stock after selling 1,496 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Thomson Reuters were worth $6,287,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TRI. TD Asset Management Inc increased its stake in shares of Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock worth $951,477,000 after purchasing an additional 750,063 shares in the last quarter. Millennium Management LLC increased its stake in shares of Thomson Reuters by 365.6% in the first quarter. Millennium Management LLC now owns 894,074 shares of the business services provider’s stock worth $154,475,000 after purchasing an additional 702,036 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Thomson Reuters by 36.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock worth $274,462,000 after purchasing an additional 421,279 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Thomson Reuters by 97.9% in the first quarter. Canada Pension Plan Investment Board now owns 414,960 shares of the business services provider’s stock worth $71,620,000 after purchasing an additional 205,306 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of Thomson Reuters in the first quarter worth about $34,422,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and lifted their target price for the stock from $275.00 to $285.00 in a research note on Thursday, August 28th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Finally, Morgan Stanley cut their price objective on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research report on Thursday, September 11th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and a consensus price target of $202.82.

Thomson Reuters Trading Up 0.9%

Shares of Thomson Reuters stock opened at $151.42 on Monday. Thomson Reuters Co. has a 1 year low of $149.47 and a 1 year high of $218.42. The firm has a market cap of $67.99 billion, a PE ratio of 30.97, a PEG ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a 50 day simple moving average of $169.35 and a two-hundred day simple moving average of $183.34.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 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 $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Thomson Reuters’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.595 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.6%. Thomson Reuters’s payout ratio is presently 65.75%.

Thomson Reuters 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.