AustralianSuper Pty Ltd Buys New Shares in Thomson Reuters Co. $TRI

AustralianSuper Pty Ltd purchased a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 128,599 shares of the business services provider’s stock, valued at approximately $19,964,000.

Several other institutional investors have also recently made changes to their positions in TRI. Vanguard Group Inc. grew its stake in shares of Thomson Reuters by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,690,956 shares of the business services provider’s stock valued at $883,680,000 after buying an additional 73,725 shares during the period. TLT Family Holdco ULC acquired a new stake in Thomson Reuters in the second quarter valued at approximately $865,442,000. LCC Family Corp. bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $813,253,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $659,930,000. Finally, Fiera Capital Corp lifted its holdings in shares of Thomson Reuters by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 2,518,855 shares of the business services provider’s stock worth $506,211,000 after purchasing an additional 26,588 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $105.46 on Wednesday. Thomson Reuters Co. has a 52 week low of $79.71 and a 52 week high of $218.42. The company’s 50 day moving average price is $110.71 and its two-hundred day moving average price is $137.92. The stock has a market cap of $46.93 billion, a P/E ratio of 21.57, a P/E/G ratio of 5.67 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the business posted $1.01 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $0.655 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a research note on Friday, February 6th. Scotiabank reaffirmed an “outperform” rating and issued a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. UBS Group set a $131.50 price objective on Thomson Reuters in a report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 target price on Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

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.