United Capital Financial Advisers LLC boosted its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,888 shares of the business services provider’s stock after buying an additional 853 shares during the period. United Capital Financial Advisers LLC’s holdings in Thomson Reuters Corp were worth $12,921,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of Thomson Reuters Corp during the third quarter valued at approximately $2,553,000. Bessemer Group Inc. increased its position in shares of Thomson Reuters Corp by 13.7% in the fourth quarter. Bessemer Group Inc. now owns 4,810 shares of the business services provider’s stock valued at $210,000 after buying an additional 580 shares in the last quarter. Comerica Bank increased its position in shares of Thomson Reuters Corp by 35.4% in the fourth quarter. Comerica Bank now owns 56,629 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 14,809 shares in the last quarter. Prudential PLC bought a new position in shares of Thomson Reuters Corp during the fourth quarter valued at approximately $272,000. Finally, Private Advisor Group LLC bought a new position in shares of Thomson Reuters Corp during the fourth quarter valued at approximately $224,000. Institutional investors own 26.99% of the company’s stock.
Shares of Thomson Reuters Corp (NYSE:TRI) traded down 1.58% during trading on Tuesday, reaching $45.95. The company’s stock had a trading volume of 1,024,602 shares. The company has a 50 day moving average of $44.14 and a 200-day moving average of $43.94. Thomson Reuters Corp has a 12-month low of $38.23 and a 12-month high of $46.77. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 10.87 and a beta of 0.76.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.80 billion. Thomson Reuters Corp had a net margin of 28.14% and a return on equity of 13.37%. Thomson Reuters Corp’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. Analysts forecast that Thomson Reuters Corp will post $2.36 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 18th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, May 16th. Thomson Reuters Corp’s payout ratio is 32.47%.
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Several research analysts have commented on the company. Deutsche Bank AG upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $50.00 in a research note on Monday. Canaccord Genuity downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research report on Monday, May 1st. Macquarie upgraded Thomson Reuters Corp from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada lifted their price target on Thomson Reuters Corp from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Thomson Reuters Corp currently has a consensus rating of “Hold” and a consensus price target of $48.00.
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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