Louisiana State Employees Retirement System Makes New Investment in Thomson Reuters Corp $TRI

Louisiana State Employees Retirement System bought a new stake in shares of Thomson Reuters Corp (NASDAQ:TRI) during the 1st quarter, Holdings Channel reports. The firm bought 29,200 shares of the company’s stock, valued at approximately $2,627,000.

Other institutional investors have also recently made changes to their positions in the company. Penbrook Management LLC raised its holdings in shares of Thomson Reuters by 0.4% during the fourth quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after purchasing an additional 100 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Thomson Reuters by 0.8% in the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Thomson Reuters by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock worth $757,000 after purchasing an additional 101 shares during the last quarter. Natixis Advisors LLC grew its position in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after purchasing an additional 103 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in Thomson Reuters by 1.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock worth $1,060,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRI shares. Bank of America lowered their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Argus began coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They set a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $83.87 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.25 and a beta of 0.77. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $218.42. The firm has a fifty day moving average price of $86.60 and a 200-day moving average price of $101.19.

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

Thomson Reuters Dividend Announcement

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

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.