Wells Fargo & Company MN grew its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 7.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,125 shares of the business services provider’s stock after buying an additional 19,857 shares during the period. Wells Fargo & Company MN’s holdings in Thomson Reuters were worth $13,449,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Omnia Family Wealth LLC boosted its stake in shares of Thomson Reuters by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after purchasing an additional 10 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Thomson Reuters by 0.8% during the 2nd quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 368 shares during the period. Andra AP fonden boosted its stake in shares of Thomson Reuters by 0.5% during the 2nd quarter. Andra AP fonden now owns 264,538 shares of the business services provider’s stock worth $15,883,000 after purchasing an additional 1,238 shares during the period. Bank of Stockton boosted its stake in shares of Thomson Reuters by 15.5% during the 3rd quarter. Bank of Stockton now owns 9,370 shares of the business services provider’s stock worth $429,000 after purchasing an additional 1,260 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Thomson Reuters by 44.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after purchasing an additional 1,497 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 price target on shares of Thomson Reuters in a research note on Tuesday, September 19th. Berenberg Bank set a $37.00 price target on shares of Thomson Reuters and gave the stock a “sell” rating in a research note on Thursday, October 5th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $47.00 to $55.00 in a research note on Tuesday, October 17th. Finally, Morgan Stanley dropped their price target on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.23.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts forecast that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were issued a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 3.18%. Thomson Reuters’s payout ratio is 33.09%.
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Thomson Reuters Profile
Thomson Reuters Corp (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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