Raymond James & Associates lowered its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,311 shares of the business services provider’s stock after selling 110,009 shares during the quarter. Raymond James & Associates owned 0.08% of Thomson Reuters worth $23,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Thomson Reuters by 6,100.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,440 shares during the period. Daiwa SB Investments Ltd. bought a new stake in shares of Thomson Reuters in the second quarter worth $141,000. CenterStar Asset Management LLC grew its holdings in shares of Thomson Reuters by 955.5% in the second quarter. CenterStar Asset Management LLC now owns 4,929 shares of the business services provider’s stock worth $198,000 after acquiring an additional 4,462 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Thomson Reuters in the first quarter worth $204,000. Finally, Shine Investment Advisory Services Inc. grew its holdings in shares of Thomson Reuters by 138.1% in the second quarter. Shine Investment Advisory Services Inc. now owns 5,070 shares of the business services provider’s stock worth $204,000 after acquiring an additional 2,941 shares during the period. Hedge funds and other institutional investors own 22.61% of the company’s stock.

NYSE TRI opened at $45.64 on Friday. The stock has a market capitalization of $31.77 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 12.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. Thomson Reuters Corp has a twelve month low of $36.52 and a twelve month high of $48.61.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, August 8th. The business services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. equities research analysts predict that Thomson Reuters Corp will post 0.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 16th will be given a $0.345 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.02%. Thomson Reuters’s dividend payout ratio is currently 54.98%.

Several brokerages recently commented on TRI. Morgan Stanley raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Thursday. ValuEngine raised Thomson Reuters from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Thomson Reuters in a report on Wednesday, September 5th. Finally, Zacks Investment Research raised Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Sunday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.00.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers 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 (NYSE:TRI)

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