Institutional Ownership Bets Big On These Stocks: $TRI $CSU $NA

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Thomson Reuters Reports Q2 2020 Results

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Thomson Reuters Corp (TSX: TRI) institutional ownership is 34.30%. The company has reported its Q2 2020 results in which consolidated revenue was 41.4 05 billion compared to $1.423 billion in Q2 2019. Operating profit was $365 million compared to $447 million a year ago while earnings per share were $0.25. Adjusted earnings per share grew to $0.44 from $0.29 per share in Q2 2019. In Q3 2020 the company expects revenue to grow by 1-2%.

Also the company has appointed new executives to lead innovation and integrations. The company has appointed David Wong as the Chief Product Officer and Kirsty Roth as the Chief Operations and Technology Officer.

Constellation Software Appoint Damina McKay as CEO of Vela Operating Group

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Constellation Software Inc (TSX: CSU) has institutional ownership of 50.80% which is a bullish signal. The company has announced that John Billowits the CEO of Vela Operating Group has resigned with Damian McKay appointed as his replacement effective September 30, 2020. However, Billowits will continue serving as a director of Constellation, and in the next 12 months will assist in the transition. Damian has been with Constellation for the past five years and previously the CEO of Datamine.

Also, the company has announced the results of its special shareholder's meeting of the vote on directors. All the members nominated in the company's management proxy of June 29, 2020, were elected as directors.

National Bank of Canad Announces Its Q3 2020 Results and Declares Dividends

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National Bank of Canada (TSX: NA) is also another stock with a bullish sentiment with institutional ownership of 31.10%. The company's board of directors has declared a dividend of $0.71 per common share for the quarter that will end on October 31, 2020. The dividend will be payable on November 1, 2020, to shareholders that will be on record as of October 6, 2020.

The company also announced financial results for the quarter ending July 31, 2020. In Q3 2020 the company posted a net income of $602 million compared to $608 million in Q3 2019. Diluted earnings per share in the quarter were $1.66. For the nine months ending July 31, 2020, net income was $1.591 million with earnings per share being $4.34.

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