Advisors Asset Management Inc. lifted its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 805.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,945 shares of the business services provider’s stock after acquiring an additional 167,181 shares during the quarter. Advisors Asset Management Inc.’s holdings in Thomson Reuters were worth $613,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in Thomson Reuters by 1.7% in the second quarter. Janus Henderson Group PLC now owns 76,281 shares of the business services provider’s stock worth $3,083,000 after buying an additional 1,304 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Thomson Reuters by 40.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock worth $206,000 after buying an additional 1,537 shares during the last quarter. Natixis increased its position in Thomson Reuters by 6.4% in the first quarter. Natixis now owns 32,242 shares of the business services provider’s stock worth $1,246,000 after buying an additional 1,928 shares during the last quarter. LPL Financial LLC increased its position in Thomson Reuters by 32.0% in the first quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after buying an additional 2,400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Thomson Reuters by 6,100.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after buying an additional 2,440 shares during the last quarter. 22.53% of the stock is owned by institutional investors and hedge funds.
TRI has been the subject of a number of analyst reports. ValuEngine raised Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Morgan Stanley raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Thursday, September 13th. Piper Jaffray Companies raised their price target on Thomson Reuters to $45.00 and gave the stock a “neutral” rating in a report on Thursday, June 14th. Royal Bank of Canada raised their price target on Thomson Reuters from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 price target for the company in a report on Sunday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.70.
Thomson Reuters stock opened at $46.69 on Monday. Thomson Reuters Corp has a one year low of $36.52 and a one year high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $31.98 billion, a PE ratio of 18.60, a P/E/G ratio of 12.90 and a beta of 0.65.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Analysts anticipate that Thomson Reuters Corp will post 0.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 16th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.96%. The ex-dividend date was Wednesday, August 15th. Thomson Reuters’s dividend payout ratio is 54.98%.
Thomson Reuters Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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