Thomson Reuters Corp $TRI Shares Newly Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in Thomson Reuters Corp (NASDAQ:TRI) in the 3rd quarter, Holdings Channel.com reports. The firm bought 26,794 shares of the company’s stock, valued at approximately $2,613,000.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of Thomson Reuters by 109.0% during the second quarter. Public Employees Retirement System of Ohio now owns 20,016 shares of the company’s stock worth $1,635,000 after purchasing an additional 10,439 shares in the last quarter. NEOS Investment Management LLC boosted its stake in shares of Thomson Reuters by 10.1% in the second quarter. NEOS Investment Management LLC now owns 263,473 shares of the company’s stock valued at $21,518,000 after purchasing an additional 24,264 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Thomson Reuters by 2,206.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,461 shares of the company’s stock valued at $1,426,000 after purchasing an additional 16,704 shares during the period. Alberta Investment Management Corp acquired a new stake in Thomson Reuters during the 2nd quarter valued at $38,770,000. Finally, BlackRock Inc. acquired a new stake in Thomson Reuters during the 2nd quarter valued at $91,548,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $107.89 on Friday. The stock’s 50 day moving average is $102.00 and its two-hundred day moving average is $93.74. Thomson Reuters Corp has a 52-week low of $76.28 and a 52-week high of $164.30. The company has a market capitalization of $46.74 billion, a PE ratio of 25.28, a P/E/G ratio of 2.02 and a beta of 0.75. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Analysts predict that Thomson Reuters Corp will post 4.48 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $0.6550 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters’s payout ratio is 69.68%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRI shares. Scotiabank reaffirmed a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotia cut their price objective on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 6th. Barclays decreased their price objective on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Morgan Stanley set a $110.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Canaccord Genuity Group lowered their target price on Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.97.

Thomson Reuters Profile

Thomson Reuters Corporation is a global content and technology company that provides trusted information, software, and services to professionals and organizations. Its offerings are designed to support legal, tax, accounting, corporate, government, and media customers with research, workflow management, compliance, and decision-making.

The company serves legal professionals through products such as Westlaw, Practical Law, and CoCounsel, its generative artificial intelligence legal assistant.