Caisse DE Depot ET Placement DU Quebec Reduces Stake in Thomson Reuters Co. $TRI

Caisse DE Depot ET Placement DU Quebec reduced its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 40.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,580 shares of the business services provider’s stock after selling 15,900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Thomson Reuters were worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in shares of Thomson Reuters by 139.5% in the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock worth $1,370,564,000 after buying an additional 4,977,006 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Thomson Reuters by 15.7% in the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock worth $951,477,000 after buying an additional 750,063 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Thomson Reuters by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider’s stock worth $945,069,000 after buying an additional 94,758 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Thomson Reuters by 1.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,537,660 shares of the business services provider’s stock worth $437,985,000 after buying an additional 44,898 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Thomson Reuters by 1.0% in the 1st quarter. 1832 Asset Management L.P. now owns 1,665,117 shares of the business services provider’s stock worth $287,699,000 after buying an additional 17,223 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

NYSE:TRI opened at $178.26 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $192.81 and its two-hundred day simple moving average is $185.44. The stock has a market cap of $80.33 billion, a PE ratio of 36.45, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.3%. Thomson Reuters’s dividend payout ratio (DPR) is currently 65.75%.

Analyst Ratings Changes

A number of equities analysts recently commented on TRI shares. Royal Bank Of Canada decreased their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Wells Fargo & Company decreased their target price on Thomson Reuters from $213.00 to $187.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Canaccord Genuity Group raised their target price on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and a consensus price target of $201.90.

Thomson Reuters Company 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.