TD Asset Management Inc Raises Holdings in Thomson Reuters Co. $TRI

TD Asset Management Inc increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,681,469 shares of the business services provider’s stock after buying an additional 166,977 shares during the period. Thomson Reuters comprises 1.0% of TD Asset Management Inc’s portfolio, making the stock its 19th largest holding. TD Asset Management Inc owned approximately 1.26% of Thomson Reuters worth $1,140,208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC purchased a new position in shares of Thomson Reuters during the 2nd quarter worth $296,000. Sequoia Financial Advisors LLC grew its position in Thomson Reuters by 90.1% during the second quarter. Sequoia Financial Advisors LLC now owns 6,436 shares of the business services provider’s stock valued at $1,294,000 after acquiring an additional 3,050 shares during the period. Yousif Capital Management LLC increased its stake in Thomson Reuters by 8.3% during the second quarter. Yousif Capital Management LLC now owns 2,161 shares of the business services provider’s stock worth $435,000 after acquiring an additional 165 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Thomson Reuters by 15.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,566 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 1,981 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Thomson Reuters by 26.3% during the second quarter. Concurrent Investment Advisors LLC now owns 2,788 shares of the business services provider’s stock valued at $561,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Up 0.7%

Thomson Reuters stock opened at $152.55 on Tuesday. Thomson Reuters Co. has a 52-week low of $149.47 and a 52-week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 5.67 and a beta of 0.74. The firm has a 50-day moving average price of $168.32 and a two-hundred day moving average price of $183.21.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.6%. Thomson Reuters’s dividend payout ratio (DPR) is presently 65.75%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRI shares. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. Morgan Stanley decreased their price objective on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. National Bankshares reissued an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Canaccord Genuity Group lifted their price target on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $202.82.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.