Healthcare of Ontario Pension Plan Trust Fund Purchases 198,794 Shares of Thomson Reuters Corp $TRI

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Thomson Reuters Corp (NASDAQ:TRI) by 153.5% during the fourth quarter, HoldingsChannel reports. The fund owned 328,343 shares of the company’s stock after buying an additional 198,794 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Thomson Reuters were worth $43,305,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Penbrook Management LLC raised its stake in Thomson Reuters by 0.4% in the 4th quarter. Penbrook Management LLC now owns 24,948 shares of the company’s stock valued at $3,297,000 after acquiring an additional 100 shares during the period. Public Sector Pension Investment Board raised its stake in Thomson Reuters by 0.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares during the period. Evergreen Capital Management LLC raised its stake in Thomson Reuters by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after acquiring an additional 101 shares during the period. Natixis Advisors LLC raised its stake in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after acquiring an additional 103 shares during the period. Finally, Syon Capital LLC raised its stake in Thomson Reuters by 2.9% in the 3rd quarter. Syon Capital LLC now owns 4,585 shares of the company’s stock valued at $712,000 after acquiring an additional 129 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

TRI stock opened at $81.41 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $35.51 billion, a PE ratio of 23.69, a PEG ratio of 1.21 and a beta of 0.77. Thomson Reuters Corp has a twelve month low of $78.15 and a twelve month high of $218.42. The stock has a 50-day simple moving average of $88.47 and a two-hundred day simple moving average of $105.08.

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

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 3.2%. Thomson Reuters’s payout ratio is presently 76.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRI. Barclays restated an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. UBS Group set a $185.74 target price on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Bank of America reduced their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Argus started coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating for the company. Finally, Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Profile

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.