Dixon Mitchell Investment Counsel Inc. Has $42.65 Million Stock Holdings in Thomson Reuters Co. $TRI

Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,511 shares of the business services provider’s stock after purchasing an additional 2,930 shares during the period. Thomson Reuters makes up 1.7% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 25th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Thomson Reuters were worth $42,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in Thomson Reuters during the 2nd quarter worth approximately $275,036,000. Millennium Management LLC increased its holdings in shares of Thomson Reuters by 365.6% during the first quarter. Millennium Management LLC now owns 894,074 shares of the business services provider’s stock valued at $154,475,000 after acquiring an additional 702,036 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $98,539,000. Goldman Sachs Group Inc. lifted its holdings in shares of Thomson Reuters by 36.1% in the 1st 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. Finally, Geode Capital Management LLC grew its position in Thomson Reuters by 13.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,997,516 shares of the business services provider’s stock valued at $405,266,000 after purchasing an additional 240,062 shares during the period. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRI. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th. CIBC set a $198.00 price target on Thomson Reuters and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Scotiabank reissued an “outperform” rating and set a $189.00 price objective (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Trading Up 1.2%

Shares of TRI stock opened at $135.50 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $60.28 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 52-week low of $131.11 and a 52-week high of $218.42. The company has a 50-day simple moving average of $149.17 and a two-hundred day simple moving average of $175.64.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. Thomson Reuters has set its FY 2025 guidance at EPS. Research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 1.8%. Thomson Reuters’s dividend payout ratio (DPR) is currently 61.18%.

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.