Thomson Reuters Co. $TRI Stock Holdings Cut by Louisbourg Investments Inc.

Louisbourg Investments Inc. reduced its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,537 shares of the business services provider’s stock after selling 423 shares during the quarter. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC boosted its stake in Thomson Reuters by 2.2% during the 2nd quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 57 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 69 shares during the last quarter. Signaturefd LLC lifted its position in shares of Thomson Reuters by 0.8% during the 2nd quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 70 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Thomson Reuters by 3.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 82 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $151.42 on Friday. Thomson Reuters Co. has a 12-month low of $149.47 and a 12-month high of $218.42. 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 company has a market cap of $67.99 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company’s fifty day moving average is $169.35 and its two-hundred day moving average is $183.19.

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

Thomson Reuters Announces Dividend

The firm 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. This represents a $2.38 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 65.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRI shares. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a research report on Thursday, August 28th. Wells Fargo & Company upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $187.00 to $212.00 in a research report on Tuesday, September 9th. Morgan Stanley cut their price objective on 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. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $188.00 to $200.00 in a research note on Wednesday, August 6th. Finally, CIBC raised shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.82.

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.