FNY Managed Accounts LLC Takes $2.53 Million Position in Thomson Reuters Corp (TRI)
FNY Managed Accounts LLC purchased a new position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,200 shares of the business services provider’s stock, valued at approximately $2,532,000. Thomson Reuters accounts for 3.3% of FNY Managed Accounts LLC’s investment portfolio, making the stock its 2nd largest position.
Several other hedge funds and other institutional investors also recently modified their holdings of TRI. Aperio Group LLC increased its position in shares of Thomson Reuters by 4.0% in the second quarter. Aperio Group LLC now owns 131,604 shares of the business services provider’s stock worth $6,092,000 after purchasing an additional 5,014 shares during the period. APG Asset Management N.V. increased its position in shares of Thomson Reuters by 16.3% in the second quarter. APG Asset Management N.V. now owns 395,923 shares of the business services provider’s stock worth $23,771,000 after purchasing an additional 55,500 shares during the period. Huntington National Bank bought a new position in Thomson Reuters in the second quarter valued at about $106,000. Hartford Investment Management Co. bought a new position in Thomson Reuters in the second quarter valued at about $234,000. Finally, Rothschild Asset Management Inc. grew its position in Thomson Reuters by 8.2% in the second quarter. Rothschild Asset Management Inc. now owns 46,102 shares of the business services provider’s stock valued at $2,768,000 after acquiring an additional 3,490 shares during the last quarter. Institutional investors own 24.73% of the company’s stock.
TRI has been the topic of a number of recent analyst reports. Canaccord Genuity set a $47.00 target price on Thomson Reuters and gave the company a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG lifted their target price on Thomson Reuters from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada lifted their target price on Thomson Reuters from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Scotiabank lifted their target price on Thomson Reuters from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Thomson Reuters from a “sell” rating to a “hold” rating and set a $53.00 target price on the stock in a research report on Thursday, August 3rd. Two 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. Thomson Reuters has an average rating of “Hold” and a consensus target price of $51.23.
Thomson Reuters Corp (TRI) traded up $0.17 during trading hours on Friday, hitting $44.25. The stock had a trading volume of 336,459 shares, compared to its average volume of 759,638. 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. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63. Thomson Reuters Corp has a 52 week low of $42.22 and a 52 week high of $48.61.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Thomson Reuters had a return on equity of 13.91% and a net margin of 27.20%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. equities analysts forecast that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 33.09%.
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Thomson Reuters 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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