Triasima Portfolio Management inc. Sells 20,337 Shares of Thomson Reuters Corp $TRI

Triasima Portfolio Management inc. lessened its position in Thomson Reuters Corp (NASDAQ:TRI) by 68.4% in the 4th quarter, Holdings Channel reports. The firm owned 9,411 shares of the company’s stock after selling 20,337 shares during the period. Triasima Portfolio Management inc.’s holdings in Thomson Reuters were worth $1,244,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after purchasing an additional 85,684 shares in the last quarter. TLT Family Holdco ULC bought a new stake in Thomson Reuters in the second quarter valued at approximately $865,442,000. SEG Family Corp. bought a new stake in Thomson Reuters in the second quarter valued at approximately $659,930,000. Invesco Ltd. increased its stake in Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Thomson Reuters by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 1,264,235 shares of the company’s stock valued at $196,374,000 after purchasing an additional 404,158 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of NASDAQ:TRI opened at $94.41 on Monday. Thomson Reuters Corp has a 12 month low of $79.71 and a 12 month high of $218.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $93.63 and its 200 day simple moving average is $116.45. The firm has a market cap of $41.82 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.41 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, research analysts forecast that Thomson Reuters Corp will post 4.4 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $0.655 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.8%. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TRI shares. Canadian Imperial Bank of Commerce set a $183.00 target price on shares of Thomson Reuters and gave the company an “outperformer” rating in a research note on Friday, January 16th. Bank of America upped their target price on shares of Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research note on Tuesday, February 10th. Barclays lowered their target price on shares of Thomson Reuters from $210.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, Argus assumed coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of $148.23.

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.