QS Investors LLC Raises Holdings in Thomson Reuters Corp (TRI)
QS Investors LLC grew its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 40.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,579 shares of the business services provider’s stock after purchasing an additional 31,883 shares during the quarter. QS Investors LLC’s holdings in Thomson Reuters Corp were worth $5,165,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Community Financial Services Group LLC lifted its position 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 purchasing an additional 220 shares during the period. Airain ltd boosted its stake in shares of Thomson Reuters Corp by 238.3% during the 2nd quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock valued at $3,447,000 after purchasing an additional 52,455 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of Thomson Reuters Corp by 11.5% during the 2nd quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock valued at $6,619,000 after purchasing an additional 14,800 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Thomson Reuters Corp by 12.6% during the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock valued at $2,482,000 after buying an additional 4,931 shares during the period. Finally, Atria Investments LLC purchased a new position in shares of Thomson Reuters Corp during the second quarter valued at about $252,000. Institutional investors and hedge funds own 26.15% of the company’s stock.
Thomson Reuters Corp (NYSE TRI) opened at 45.94 on Monday. The stock’s 50 day moving average is $46.07 and its 200 day moving average is $44.78. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 11.28 and a beta of 0.75. 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 announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities analysts predict that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.01%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is 33.91%.
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A number of research firms recently issued reports on TRI. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada raised their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Deutsche Bank AG lifted their price objective on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity set a $47.00 price objective on Thomson Reuters Corp and gave the company a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $50.36.
Thomson Reuters Corp Company 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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