Bank of Nova Scotia grew its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 5.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 754,949 shares of the business services provider’s stock after purchasing an additional 42,095 shares during the period. Bank of Nova Scotia owned about 0.11% of Thomson Reuters Corp worth $34,965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Omnia Family Wealth LLC boosted its stake in shares of Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after buying an additional 10 shares during the last quarter. Community Financial Services Group LLC boosted its stake in shares of Thomson Reuters Corp by 0.5% in the 1st quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock worth $1,819,000 after buying an additional 220 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Thomson Reuters Corp by 0.8% in the 2nd quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock worth $2,199,000 after buying an additional 368 shares during the last quarter. Bank of Stockton boosted its stake in shares of Thomson Reuters Corp by 4.8% in the 2nd quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock worth $374,000 after buying an additional 375 shares during the last quarter. Finally, Palo Capital Inc. boosted its stake in shares of Thomson Reuters Corp by 3.2% in the 2nd quarter. Palo Capital Inc. now owns 16,121 shares of the business services provider’s stock worth $746,000 after buying an additional 500 shares during the last quarter. 26.15% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada set a $45.00 target price on Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. Macquarie upgraded Thomson Reuters Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 15th. Zacks Investment Research downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Berenberg Bank set a $37.00 target price on Thomson Reuters Corp and gave the stock a “sell” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $51.00.

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Thomson Reuters Corp (NYSE:TRI) traded up 0.28% during trading on Wednesday, reaching $46.19. The company had a trading volume of 366,684 shares. The firm has a market capitalization of $33.01 billion, a PE ratio of 0.68 and a beta of 0.75. The firm’s 50 day moving average price is $45.71 and its 200 day moving average price is $45.07. Thomson Reuters Corp has a 12-month low of $39.23 and a 12-month high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Corp will post $2.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 33.91%.

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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Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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