Healthcare of Ontario Pension Plan Trust Fund Purchases 122,625 Shares of Thomson Reuters Corp $TRI

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 37.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 450,968 shares of the company’s stock after buying an additional 122,625 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Thomson Reuters were worth $40,578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Thomson Reuters by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after acquiring an additional 85,684 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Thomson Reuters by 19.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 77,601 shares of the company’s stock valued at $10,235,000 after purchasing an additional 12,470 shares during the last quarter. GF Fund Management CO. LTD. boosted its stake in Thomson Reuters by 14.4% in the fourth quarter. GF Fund Management CO. LTD. now owns 93,832 shares of the company’s stock worth $12,376,000 after purchasing an additional 11,832 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Thomson Reuters by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company’s stock worth $65,031,000 after purchasing an additional 46,680 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $4,292,000. 17.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Argus started coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They set a “hold” rating on the stock. Finally, Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.92.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $90.15 on Friday. The business’s 50-day simple moving average is $86.04 and its 200 day simple moving average is $95.30. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.34 and a beta of 0.77. Thomson Reuters Corp has a 12-month low of $76.28 and a 12-month high of $206.45.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the business posted $1.12 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.655 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. Thomson Reuters’s payout ratio is currently 76.16%.

Thomson Reuters Company 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.