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

Louisiana State Employees Retirement System acquired a new position in Thomson Reuters Corp (NASDAQ:TRI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,200 shares of the company’s stock, valued at approximately $2,627,000.

Several other large investors have also bought and sold shares of TRI. Empowered Funds LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $30,000. Timmons Wealth Management LLC bought a new position in Thomson Reuters in the fourth quarter worth $42,000. Montag A & Associates Inc. purchased a new position in Thomson Reuters during the fourth quarter valued at $43,000. J.Safra Asset Management Corp purchased a new position in Thomson Reuters during the fourth quarter valued at $56,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after buying an additional 607 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $83.87 on Monday. The company has a market capitalization of $36.58 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. Thomson Reuters Corp has a one year low of $76.28 and a one year high of $218.42. The company’s 50-day moving average is $86.60 and its 200 day moving average is $101.19.

Thomson Reuters (NASDAQ:TRI) last issued its 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 business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Sell-side analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Argus started coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They set a “hold” rating for the company. Barclays reiterated 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. Finally, Wells Fargo & Company upped their price target on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Company 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.