Fiera Capital Corp Sells 480,658 Shares of Thomson Reuters Corp $TRI

Fiera Capital Corp cut its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,797,209 shares of the company’s stock after selling 480,658 shares during the period. Fiera Capital Corp’s holdings in Thomson Reuters were worth $237,248,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TRI. Montag A & Associates Inc. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $43,000. Hantz Financial Services Inc. grew its position in Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after acquiring an additional 607 shares during the last quarter. Allworth Financial LP grew its position in Thomson Reuters by 72.8% during the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $92,000 after acquiring an additional 295 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Thomson Reuters by 53.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock worth $96,000 after acquiring an additional 215 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in Thomson Reuters by 29.6% during the 4th quarter. Bayforest Capital Ltd now owns 827 shares of the company’s stock worth $109,000 after acquiring an additional 189 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

Shares of NASDAQ:TRI opened at $86.04 on Monday. Thomson Reuters Corp has a one year low of $78.60 and a one year high of $218.42. The company has a 50 day moving average of $89.40 and a 200-day moving average of $106.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 1.28 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $1.12 EPS. Thomson Reuters’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.655 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 3.0%. Thomson Reuters’s payout ratio is currently 76.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TRI shares. Barclays reaffirmed an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 target price for the company in a research note on Tuesday, February 10th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Finally, Argus started coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.