Thomson Reuters Co. $TRI Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 55.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403,243 shares of the business services provider’s stock after acquiring an additional 144,233 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Thomson Reuters were worth $69,597,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new stake in Thomson Reuters in the 1st quarter valued at approximately $626,000. Cambridge Investment Research Advisors Inc. raised its position in Thomson Reuters by 7.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider’s stock valued at $1,948,000 after purchasing an additional 776 shares during the period. Gulf International Bank UK Ltd grew its stake in shares of Thomson Reuters by 2,723.3% in the first quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider’s stock valued at $1,551,000 after buying an additional 8,660 shares in the last quarter. Callan Capital LLC acquired a new stake in shares of Thomson Reuters in the first quarter valued at $244,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Thomson Reuters by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider’s stock valued at $5,683,000 after buying an additional 313 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $178.55 on Friday. The firm has a fifty day moving average price of $194.39 and a 200 day moving average price of $185.42. The company has a market cap of $80.46 billion, a P/E ratio of 36.51, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 12 month low of $151.60 and a 12 month high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $1.81 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRI. TD Securities dropped their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada dropped their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Barclays lifted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Thomson Reuters from $213.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, August 7th. Finally, CIBC upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of $194.20.

About Thomson Reuters

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.