Thomson Reuters Co. $TRI Stake Lessened by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 56.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,384 shares of the business services provider’s stock after selling 8,285 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Thomson Reuters were worth $1,285,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRI shares. Huber Research upgraded Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. dropped their price target on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Morgan Stanley set a $172.00 target price on shares of Thomson Reuters in a research note on Tuesday, November 4th. Finally, CIBC set a $198.00 price target on shares of Thomson Reuters and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.27.

Thomson Reuters Trading Up 0.4%

Shares of NYSE:TRI opened at $141.13 on Monday. Thomson Reuters Co. has a fifty-two week low of $134.50 and a fifty-two week 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 $63.04 billion, a PE ratio of 28.86, a P/E/G ratio of 5.67 and a beta of 0.74. The company’s 50-day moving average price is $156.29 and its 200 day moving average price is $179.20.

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, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Thomson Reuters has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.38 annualized dividend and a dividend yield of 1.7%. Thomson Reuters’s dividend payout ratio 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.