Raymond James Financial Services Advisors Inc. lifted its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,698 shares of the business services provider’s stock after purchasing an additional 1,919 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Thomson Reuters Corp were worth $449,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Airain ltd raised its stake in shares of Thomson Reuters Corp by 238.3% in the second quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock worth $3,447,000 after purchasing an additional 52,455 shares during the last quarter. Forsta AP Fonden raised its position in Thomson Reuters Corp by 11.5% during the second quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock valued at $6,619,000 after acquiring an additional 14,800 shares in the last quarter. CIBC World Markets Inc. raised its position 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 in the last quarter. Atria Investments LLC purchased a new position in Thomson Reuters Corp during the second quarter valued at approximately $252,000. Finally, Palo Capital Inc. raised its position in Thomson Reuters Corp by 3.2% during the second quarter. Palo Capital Inc. now owns 16,121 shares of the business services provider’s stock valued at $746,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.
TRI has been the subject of several recent research reports. TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, September 5th. Deutsche Bank AG lifted their price target on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Macquarie upgraded Thomson Reuters Corp to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a research report on Tuesday, October 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price target (up from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.25.
Shares of Thomson Reuters Corp (TRI) opened at $44.58 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. Thomson Reuters Corp has a 1-year low of $40.74 and a 1-year high of $48.61. The company has a market capitalization of $31,861.50, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.92% and a net margin of 27.20%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.54 earnings per share. Thomson Reuters Corp’s quarterly revenue was up 1.7% compared to the same quarter last year. equities research analysts anticipate that Thomson Reuters Corp will post 2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.10%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters Corp’s payout ratio is currently 33.09%.
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Thomson Reuters Corp 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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