Hexavest Inc. acquired a new stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 241,537 shares of the business services provider’s stock, valued at approximately $10,562,000.
A number of other large investors also recently added to or reduced their stakes in TRI. Parametric Portfolio Associates LLC increased its position in shares of Thomson Reuters by 1.3% during the third quarter. Parametric Portfolio Associates LLC now owns 283,110 shares of the business services provider’s stock worth $12,989,000 after acquiring an additional 3,645 shares during the last quarter. AXA increased its position in shares of Thomson Reuters by 1.0% during the third quarter. AXA now owns 368,472 shares of the business services provider’s stock worth $16,905,000 after acquiring an additional 3,700 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth about $492,000. Wunderlich Capital Managemnt increased its position in shares of Thomson Reuters by 4.6% during the third quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth about $328,000. 24.51% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 target price on shares of Thomson Reuters in a research report on Tuesday, September 19th. Berenberg Bank set a $37.00 target price on Thomson Reuters and gave the stock a “sell” rating in a research report on Thursday, October 5th. Scotiabank raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $47.00 to $55.00 in a research report on Tuesday, October 17th. Finally, Morgan Stanley dropped their target price on Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.92.
Thomson Reuters Corp (NYSE:TRI) opened at $43.59 on Friday. The company has a market capitalization of $30,930.00, a PE ratio of 29.45, a P/E/G ratio of 1.98 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. 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 (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters had a return on equity of 13.91% and a net margin of 27.20%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. analysts anticipate that Thomson Reuters Corp will post 2.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 16th were paid a $0.345 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a yield of 3.17%. Thomson Reuters’s dividend payout ratio (DPR) is 93.24%.
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About Thomson Reuters
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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