Jarislowsky Fraser Ltd Has $423.13 Million Position in Thomson Reuters Corp (TRI)
Jarislowsky Fraser Ltd lowered its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,243,323 shares of the business services provider’s stock after selling 7,123 shares during the period. Thomson Reuters Corp comprises about 2.5% of Jarislowsky Fraser Ltd’s portfolio, making the stock its 13th largest holding. Jarislowsky Fraser Ltd owned 1.29% of Thomson Reuters Corp worth $423,125,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank bought a new position in Thomson Reuters Corp in the second quarter valued at $106,000. ETF Managers Group LLC bought a new position in Thomson Reuters Corp in the second quarter valued at $127,000. 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 purchasing an additional 10 shares in the last quarter. Beach Investment Management LLC. bought a new position in Thomson Reuters Corp in the second quarter valued at $203,000. Finally, SG Americas Securities LLC grew its position in Thomson Reuters Corp by 44.0% in the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 1,497 shares in the last quarter. 24.72% of the stock is owned by institutional investors and hedge funds.
Thomson Reuters Corp (TRI) traded down $0.11 during midday trading on Monday, hitting $44.50. 475,500 shares of the stock were exchanged, compared to its average volume of 1,163,461. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. The firm has a market cap of $31,664.41, a PE ratio of 17.73, a PEG ratio of 2.18 and a beta of 0.74. Thomson Reuters Corp has a one year low of $41.26 and a one year high of $48.61.
Thomson Reuters Corp (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, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. Thomson Reuters Corp’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. equities analysts anticipate that Thomson Reuters Corp will post 2.45 EPS for the current fiscal year.
The business 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 dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters Corp’s dividend payout ratio is presently 33.09%.
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A number of research firms recently weighed in on TRI. Zacks Investment Research downgraded shares of 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 shares of Thomson Reuters Corp and gave the company a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a research note on Tuesday, September 19th. Scotiabank increased their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, Berenberg Bank set a $37.00 price target on shares of Thomson Reuters Corp and gave the company a “sell” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Thomson Reuters Corp has a consensus rating of “Hold” and a consensus price target of $51.31.
Thomson Reuters Corp 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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