Commerzbank Aktiengesellschaft FI Increases Holdings in Thomson Reuters Corp (TRI)
Commerzbank Aktiengesellschaft FI raised its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,904 shares of the business services provider’s stock after purchasing an additional 1,930 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Thomson Reuters were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hillsdale Investment Management Inc. lifted its position in shares of Thomson Reuters by 15.6% during the third quarter. Hillsdale Investment Management Inc. now owns 79,460 shares of the business services provider’s stock worth $3,648,000 after acquiring an additional 10,710 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Thomson Reuters by 1.4% during the third quarter. Commonwealth Bank of Australia now owns 91,325 shares of the business services provider’s stock worth $4,187,000 after acquiring an additional 1,288 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth $245,000. Wells Fargo & Company MN lifted its position in shares of Thomson Reuters by 7.3% during the third quarter. Wells Fargo & Company MN now owns 293,125 shares of the business services provider’s stock worth $13,449,000 after acquiring an additional 19,857 shares in the last quarter. Finally, Twin Capital Management Inc. purchased a new stake in shares of Thomson Reuters during the third quarter worth $2,235,000. 24.56% of the stock is owned by institutional investors and hedge funds.
Shares of Thomson Reuters Corp (NYSE:TRI) traded down $0.19 during mid-day trading on Thursday, hitting $44.03. The company had a trading volume of 527,900 shares, compared to its average volume of 1,130,180. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. Thomson Reuters Corp has a one year low of $42.22 and a one year high of $48.61. The stock has a market capitalization of $31,465.17, a P/E ratio of 17.62, a PEG ratio of 2.16 and a beta of 0.71.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters had a return on equity of 13.91% and a net margin of 27.20%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts predict that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
The firm 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 $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.13%. Thomson Reuters’s dividend payout ratio (DPR) is presently 33.09%.
Several equities research analysts have issued reports on TRI shares. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Goldman Sachs Group started coverage on Thomson Reuters in a research report on Wednesday, November 8th. They set a “sell” rating and a $40.00 target price on the stock. Morgan Stanley increased their target price on Thomson Reuters from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, Credit Suisse Group started coverage on Thomson Reuters in a research report on Tuesday, October 24th. They set a “neutral” rating and a $52.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.23.
About Thomson Reuters
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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