Louisbourg Investments Inc. Has $6.56 Million Stock Holdings in Thomson Reuters Corp $TRI

Louisbourg Investments Inc. increased its position in Thomson Reuters Corp (NASDAQ:TRI) by 430.8% during the first quarter, Holdings Channel reports. The firm owned 72,832 shares of the company’s stock after buying an additional 59,112 shares during the quarter. Thomson Reuters makes up approximately 1.2% of Louisbourg Investments Inc.’s portfolio, making the stock its 25th largest holding. Louisbourg Investments Inc.’s holdings in Thomson Reuters were worth $6,561,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its stake in Thomson Reuters by 15.5% in the first quarter. Pictet Asset Management Holding SA now owns 414,770 shares of the company’s stock valued at $37,320,000 after buying an additional 55,720 shares during the period. Value Partners Investments Inc. increased its holdings in shares of Thomson Reuters by 5.3% during the 1st quarter. Value Partners Investments Inc. now owns 6,286 shares of the company’s stock worth $566,000 after acquiring an additional 317 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Thomson Reuters in the 1st quarter valued at $449,000. Aaron Wealth Advisors LLC bought a new stake in Thomson Reuters in the 1st quarter valued at $478,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Thomson Reuters during the 1st quarter valued at $2,627,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $83.87 on Friday. The stock has a market capitalization of $36.58 billion, a PE ratio of 24.40, a PEG ratio of 1.25 and a beta of 0.77. The business’s 50 day simple moving average is $86.60 and its 200 day simple moving average is $101.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters Corp has a one year low of $76.28 and a one year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.05. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. As a group, research analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 76.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on TRI. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Bank of America lowered their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average price target of $144.84.

About Thomson Reuters

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.