Highstreet Asset Management Inc. increased its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 2,283.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,581 shares of the business services provider’s stock after buying an additional 31,214 shares during the period. Highstreet Asset Management Inc.’s holdings in Thomson Reuters Corp were worth $1,407,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. CIBC World Markets Inc. raised its position in shares of Thomson Reuters Corp by 4.8% in the third quarter. CIBC World Markets Inc. now owns 5,391,650 shares of the business services provider’s stock valued at $223,106,000 after buying an additional 246,223 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Thomson Reuters Corp during the fourth quarter valued at $771,000. BlackRock Fund Advisors raised its position in shares of Thomson Reuters Corp by 5.6% in the third quarter. BlackRock Fund Advisors now owns 1,290,858 shares of the business services provider’s stock valued at $53,416,000 after buying an additional 69,018 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Thomson Reuters Corp by 24.0% in the third quarter. APG Asset Management N.V. now owns 732,358 shares of the business services provider’s stock valued at $39,730,000 after buying an additional 141,700 shares during the last quarter. Finally, Lincluden Management Ltd. raised its position in shares of Thomson Reuters Corp by 16.2% in the fourth quarter. Lincluden Management Ltd. now owns 178,320 shares of the business services provider’s stock valued at $7,796,000 after buying an additional 24,835 shares during the last quarter. Institutional investors and hedge funds own 28.64% of the company’s stock.
Thomson Reuters Corp (NYSE:TRI) traded up 0.32% during trading on Wednesday, hitting $43.23. 166,378 shares of the company traded hands. The stock has a 50 day moving average price of $43.54 and a 200 day moving average price of $43.67. Thomson Reuters Corp has a 12-month low of $38.23 and a 12-month high of $46.00. The company has a market capitalization of $31.21 billion, a P/E ratio of 10.22 and a beta of 0.84.
Thomson Reuters Corp (NYSE:TRI) last released its earnings results on Friday, April 28th. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Thomson Reuters Corp had a return on equity of 12.75% and a net margin of 27.88%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters Corp will post $2.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be paid a $0.345 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.20%. Thomson Reuters Corp’s dividend payout ratio is currently 32.54%.
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TRI has been the topic of a number of research reports. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BMO Capital Markets boosted their price objective on shares of Thomson Reuters Corp from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters Corp from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Monday, May 1st. Scotiabank lifted their target price on shares of Thomson Reuters Corp from $43.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, May 1st. Finally, Canaccord Genuity lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.78.
About Thomson Reuters Corp
Thomson Reuters Corporation (Thomson Reuters) is a 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 segment 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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