Teachers Advisors LLC increased its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 356,056 shares of the business services provider’s stock after buying an additional 34,508 shares during the period. Teachers Advisors LLC’s holdings in Thomson Reuters Corp were worth $15,392,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Lincluden Management Ltd. increased its stake in Thomson Reuters Corp by 16.2% in the fourth quarter. Lincluden Management Ltd. now owns 178,320 shares of the business services provider’s stock valued at $7,796,000 after buying an additional 24,835 shares during the period. Beutel Goodman & Co Ltd. increased its stake in Thomson Reuters Corp by 4.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 5,057,257 shares of the business services provider’s stock valued at $218,332,000 after buying an additional 236,410 shares during the period. Wellington Management Group LLP increased its stake in Thomson Reuters Corp by 0.4% in the first quarter. Wellington Management Group LLP now owns 11,896,855 shares of the business services provider’s stock valued at $514,297,000 after buying an additional 52,932 shares during the period. Schroder Investment Management Group increased its stake in Thomson Reuters Corp by 12.6% in 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, American Century Companies Inc. increased its stake in Thomson Reuters Corp by 115.5% in the first quarter. American Century Companies Inc. now owns 429,205 shares of the business services provider’s stock valued at $18,555,000 after buying an additional 229,999 shares during the period. Institutional investors own 26.50% of the company’s stock.

Thomson Reuters Corp (NYSE:TRI) opened at 46.09 on Wednesday. Thomson Reuters Corp has a 12-month low of $39.23 and a 12-month high of $47.04. The firm has a market cap of $33.27 billion, a PE ratio of 10.90 and a beta of 0.75. The firm has a 50-day moving average price of $45.41 and a 200 day moving average price of $44.23.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Thomson Reuters Corp had a return on equity of 13.37% and a net margin of 28.14%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Corp will post $2.36 EPS for the current year.

Thomson Reuters Corp announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 24th that permits the company to buyback 36,000,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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Several analysts recently weighed in on TRI shares. Zacks Investment Research downgraded Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Deutsche Bank AG upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating and increased their target price for the company from $44.00 to $50.00 in a research note on Monday, June 19th. Berenberg Bank started coverage on Thomson Reuters Corp in a research note on Thursday, April 20th. They set a “sell” rating and a $37.00 target price for the company. BidaskClub upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Canaccord Genuity downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Thomson Reuters Corp has a consensus rating of “Hold” and a consensus target price of $48.09.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment 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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Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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