Bank of Stockton boosted its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 15.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,370 shares of the business services provider’s stock after purchasing an additional 1,260 shares during the period. Bank of Stockton’s holdings in Thomson Reuters Corp were worth $429,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its stake in Thomson Reuters Corp by 28.3% during the third quarter. CIBC Asset Management Inc now owns 1,068,679 shares of the business services provider’s stock worth $48,908,000 after purchasing an additional 235,547 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Thomson Reuters Corp by 379.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 211,870 shares of the business services provider’s stock worth $9,699,000 after purchasing an additional 167,714 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in Thomson Reuters Corp by 25.6% during the third quarter. State of Wisconsin Investment Board now owns 269,147 shares of the business services provider’s stock worth $12,321,000 after purchasing an additional 54,900 shares during the last quarter. Stevens Capital Management LP bought a new stake in Thomson Reuters Corp during the third quarter worth $560,000. Finally, Cumberland Partners Ltd bought a new stake in Thomson Reuters Corp during the third quarter worth $458,000. Hedge funds and other institutional investors own 24.72% of the company’s stock.
A number of research analysts have recently commented on the company. TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Morgan Stanley increased their price target on Thomson Reuters Corp from $51.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $45.00 price objective on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Credit Suisse Group assumed coverage on Thomson Reuters Corp in a report on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price objective for the company. Two 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. The stock currently has an average rating of “Hold” and an average price target of $51.31.
Thomson Reuters Corp (TRI) traded down $0.22 during mid-day trading on Tuesday, hitting $44.28. 388,000 shares of the stock were exchanged, compared to its average volume of 1,159,921. The company 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. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. 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 released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 1.7% on a year-over-year basis. research analysts forecast that Thomson Reuters Corp will post 2.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 annualized dividend and a yield of 3.12%. Thomson Reuters Corp’s payout ratio is 33.09%.
Thomson Reuters Corp Company 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.
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).
Receive News & Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related companies with MarketBeat.com's FREE daily email newsletter.