Scotia Capital Inc. Buys 645 Shares of Thomson Reuters Corp (TRI)

Scotia Capital Inc. increased its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 279,357 shares of the business services provider’s stock after purchasing an additional 645 shares during the quarter. Scotia Capital Inc.’s holdings in Thomson Reuters Corp were worth $12,933,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRI. BlackRock Inc. raised its holdings in Thomson Reuters Corp by 11,279.4% in the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock worth $166,597,000 after purchasing an additional 3,819,883 shares during the period. CIBC World Markets Inc. raised its holdings in Thomson Reuters Corp by 112.8% during the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after acquiring an additional 2,155,229 shares during the period. FMR LLC raised its holdings in Thomson Reuters Corp by 73.8% during the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after acquiring an additional 1,409,777 shares during the period. Renaissance Technologies LLC raised its holdings in Thomson Reuters Corp by 943.3% during the first quarter. Renaissance Technologies LLC now owns 1,522,200 shares of the business services provider’s stock valued at $65,809,000 after acquiring an additional 1,376,300 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Thomson Reuters Corp by 70.1% during the second quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock valued at $130,862,000 after acquiring an additional 1,164,780 shares during the period. 26.15% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 price target on shares of Thomson Reuters Corp in a report on Thursday, August 3rd. Macquarie raised Thomson Reuters Corp from a “neutral” rating to an “outperform” rating in a report on Thursday, June 15th. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Berenberg Bank set a $37.00 price target on Thomson Reuters Corp and gave the company a “sell” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Thomson Reuters Corp presently has an average rating of “Hold” and a consensus target price of $51.00.

Shares of Thomson Reuters Corp (TRI) traded up 0.76% during midday trading on Tuesday, hitting $46.16. The stock had a trading volume of 914,349 shares. The stock has a market cap of $33.57 billion, a PE ratio of 11.16 and a beta of 0.75. The firm has a 50 day moving average price of $45.70 and a 200-day moving average price of $45.05. Thomson Reuters Corp has a 52-week low of $39.23 and a 52-week high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Thomson Reuters Corp will post $2.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.01%. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.91%.

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Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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