Country Club Trust Company n.a. cut its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 166,305 shares of the business services provider’s stock after selling 7,106 shares during the period. Country Club Trust Company n.a.’s holdings in Thomson Reuters were worth $7,249,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Thomson Reuters during the 3rd quarter worth approximately $41,447,000. Community Financial Services Group LLC raised its position in Thomson Reuters by 8.3% during the 3rd quarter. Community Financial Services Group LLC now owns 46,802 shares of the business services provider’s stock worth $2,148,000 after buying an additional 3,577 shares during the last quarter. Russell Investments Group Ltd. raised its position in Thomson Reuters by 12.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 814,120 shares of the business services provider’s stock worth $37,290,000 after buying an additional 89,523 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Thomson Reuters during the 3rd quarter worth approximately $261,000. Finally, Bank of Nova Scotia raised its position in Thomson Reuters by 5.9% during the 2nd quarter. Bank of Nova Scotia now owns 754,949 shares of the business services provider’s stock worth $34,965,000 after buying an additional 42,095 shares during the last quarter. Institutional investors own 24.51% of the company’s stock.
TRI has been the subject of a number of recent research reports. Macquarie raised shares of Thomson Reuters to a “buy” rating and raised their price target for the stock from $51.00 to $58.00 in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Saturday, September 23rd. Morgan Stanley raised their price target on shares of Thomson Reuters from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Canaccord Genuity reissued a “hold” rating and set a $46.00 price target on shares of Thomson Reuters in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 target price on shares of Thomson Reuters in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.92.
Thomson Reuters Corp (TRI) traded up $0.27 during trading hours on Friday, hitting $43.61. 260,794 shares of the stock traded hands, compared to its average volume of 684,838. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $30,770.00, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71. Thomson Reuters Corp has a 52-week low of $42.22 and a 52-week high of $48.61.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Thomson Reuters had a net margin of 12.43% and a return on equity of 10.43%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. equities research analysts forecast that Thomson Reuters Corp will post 2.46 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, November 15th. Thomson Reuters’s payout ratio is presently 93.24%.
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Thomson Reuters 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.
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