Toronto Dominion Bank lowered its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 34.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 870,855 shares of the business services provider’s stock after selling 456,966 shares during the period. Toronto Dominion Bank’s holdings in Thomson Reuters were worth $56,314,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. TD Asset Management Inc. raised its position in shares of Thomson Reuters by 0.4% during the 2nd quarter. TD Asset Management Inc. now owns 4,160,398 shares of the business services provider’s stock valued at $268,964,000 after acquiring an additional 16,687 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Thomson Reuters by 2.0% during the second quarter. Mawer Investment Management Ltd. now owns 3,047,089 shares of the business services provider’s stock valued at $196,967,000 after buying an additional 60,645 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Thomson Reuters by 1.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,881,419 shares of the business services provider’s stock valued at $121,632,000 after buying an additional 32,078 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Thomson Reuters by 25.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,851,751 shares of the business services provider’s stock worth $109,624,000 after buying an additional 378,160 shares during the period. Finally, Fiera Capital Corp boosted its position in shares of Thomson Reuters by 4.0% during the second quarter. Fiera Capital Corp now owns 1,740,211 shares of the business services provider’s stock worth $112,284,000 after buying an additional 66,150 shares during the period. Institutional investors and hedge funds own 20.00% of the company’s stock.

A number of equities analysts recently issued reports on TRI shares. TD Securities cut Thomson Reuters from a “buy” rating to a “hold” rating and raised their target price for the company from $92.00 to $94.00 in a research report on Wednesday, August 21st. Credit Suisse Group raised Thomson Reuters from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $80.00 in a research note on Monday, July 29th. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Wednesday, August 7th. ValuEngine cut Thomson Reuters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Macquarie lowered Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 price target on the stock. in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $70.59.

NYSE:TRI traded down $1.20 during midday trading on Wednesday, hitting $66.75. 584,381 shares of the stock were exchanged, compared to its average volume of 434,575. Thomson Reuters Corp has a one year low of $46.45 and a one year high of $71.28. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 89.00, a P/E/G ratio of 3.16 and a beta of 0.54. The business has a 50-day moving average price of $67.86 and a two-hundred day moving average price of $63.23. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.36.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. Thomson Reuters had a return on equity of 5.16% and a net margin of 69.36%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts forecast that Thomson Reuters Corp will post 1.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.10 annualized dividend and a dividend yield of 1.65%. Thomson Reuters’s dividend payout ratio (DPR) is 192.00%.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.

Recommended Story: What is quantitative easing?

Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Corp (NYSE:TRI) (TSE:TRI).

Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.