Dimensional Fund Advisors LP Sells 3,554 Shares of Thomson Reuters Corp (TRI)
Dimensional Fund Advisors LP reduced its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,519 shares of the business services provider’s stock after selling 3,554 shares during the period. Dimensional Fund Advisors LP’s holdings in Thomson Reuters were worth $2,894,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TRI. CIBC World Markets Inc. grew its position in shares of Thomson Reuters by 112.8% in the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after purchasing an additional 2,155,229 shares during the last quarter. FMR LLC grew its position in Thomson Reuters by 73.8% during the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock worth $153,736,000 after buying an additional 1,409,777 shares in the last quarter. CIBC Asset Management Inc grew its position in Thomson Reuters by 503.2% during the second quarter. CIBC Asset Management Inc now owns 833,132 shares of the business services provider’s stock worth $38,529,000 after buying an additional 695,007 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Thomson Reuters by 1,106.5% during the second quarter. Canada Pension Plan Investment Board now owns 413,831 shares of the business services provider’s stock worth $19,132,000 after buying an additional 379,531 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Thomson Reuters by 22.0% during the second quarter. Renaissance Technologies LLC now owns 1,856,900 shares of the business services provider’s stock worth $85,965,000 after buying an additional 334,700 shares in the last quarter. Institutional investors own 24.73% of the company’s stock.
Thomson Reuters Corp (NYSE TRI) traded up $0.17 during trading hours on Monday, hitting $44.25. 336,400 shares of the stock were exchanged, compared to its average volume of 1,141,881. Thomson Reuters Corp has a 52 week low of $42.22 and a 52 week high of $48.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31,486.53, a PE ratio of 17.63, a P/E/G ratio of 2.16 and a beta of 0.74.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Thomson Reuters’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts anticipate that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 33.09%.
A number of equities research analysts recently weighed in on TRI shares. Canaccord Genuity set a $47.00 target price on Thomson Reuters and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG lifted their price objective on Thomson Reuters from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada lifted their price objective on Thomson Reuters from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Scotiabank lifted their price objective on Thomson Reuters from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $51.23.
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Thomson Reuters Company Profile
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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