Thomson Reuters Corp $TRI Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 71.9% during the fourth quarter, HoldingsChannel reports. The firm owned 6,300 shares of the company’s stock after selling 16,144 shares during the quarter. Intact Investment Management Inc.’s holdings in Thomson Reuters were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth $448,000. AQR Capital Management LLC raised its holdings in shares of Thomson Reuters by 30.3% during the first quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock worth $2,964,000 after purchasing an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Thomson Reuters during the first quarter worth $205,000. Prudential Financial Inc. purchased a new position in shares of Thomson Reuters during the second quarter worth $234,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Thomson Reuters during the second quarter worth $646,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

TRI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. Morgan Stanley set a $116.00 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the company an “outperformer” rating in a research report on Friday, January 16th. Finally, Wells Fargo & Company set a $87.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.23.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $95.75 on Tuesday. The company’s 50-day moving average price is $93.63 and its 200-day moving average price is $116.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.11. The company has a market cap of $42.41 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.41 and a beta of 0.80. Thomson Reuters Corp has a twelve month low of $79.71 and a twelve month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. On average, sell-side analysts forecast that Thomson Reuters Corp will post 4.4 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.655 per share. This is a boost 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 2.7%. The ex-dividend date was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is 78.68%.

Thomson Reuters 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.