Andra AP fonden Has $14.89 Million Holdings in Thomson Reuters Corp (TRI)
Andra AP fonden trimmed its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,100 shares of the business services provider’s stock after selling 4,438 shares during the period. Andra AP fonden’s holdings in Thomson Reuters Corp were worth $14,891,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Omnia Family Wealth LLC grew its position in Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 10 shares during the period. Suntrust Banks Inc. grew its position in Thomson Reuters Corp by 0.8% in the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 368 shares during the period. Bank of Stockton grew its position in Thomson Reuters Corp by 4.8% in the second quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 375 shares during the period. Palo Capital Inc. grew its position in Thomson Reuters Corp by 3.2% in 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 during the period. Finally, DekaBank Deutsche Girozentrale grew its position in Thomson Reuters Corp by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 72,190 shares of the business services provider’s stock valued at $3,357,000 after acquiring an additional 660 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a research report on Thursday, July 27th. Scotiabank increased their target price on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and set a $50.00 target price on shares of Thomson Reuters Corp in a report on Tuesday, September 19th. Finally, Berenberg Bank set a $37.00 target price on Thomson Reuters Corp and gave the stock a “sell” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $51.69.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters Corp had a return on equity of 13.92% and a net margin of 27.20%. Thomson Reuters Corp’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 3.10%. Thomson Reuters Corp’s dividend payout ratio is currently 33.09%.
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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