Intact Investment Management Inc. Makes New Investment in Thomson Reuters Co. $TRI

Intact Investment Management Inc. acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 22,444 shares of the business services provider’s stock, valued at approximately $3,485,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRI. TLT Family Holdco ULC bought a new stake in Thomson Reuters in the second quarter worth $865,442,000. LCC Family Corp. purchased a new position in shares of Thomson Reuters in the second quarter worth about $813,253,000. SEG Family Corp. bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at about $659,930,000. Norges Bank purchased a new stake in Thomson Reuters during the 2nd quarter valued at about $275,036,000. Finally, HRT Financial LP grew its position in Thomson Reuters by 115.4% during the 2nd quarter. HRT Financial LP now owns 1,388,588 shares of the business services provider’s stock worth $279,286,000 after acquiring an additional 743,923 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI stock opened at $123.28 on Tuesday. The business’s fifty day moving average is $130.35 and its 200 day moving average is $156.27. 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 stock has a market cap of $54.85 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 5.67 and a beta of 0.80. Thomson Reuters Co. has a twelve month low of $118.64 and a twelve month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 EPS. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.9%. Thomson Reuters’s dividend payout ratio (DPR) is currently 61.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRI. Royal Bank Of Canada dropped their price objective on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Scotiabank reissued an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $188.55.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.