Paloma Partners Management Co lessened its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 74,000 shares of the business services provider’s stock after selling 9,803 shares during the period. Paloma Partners Management Co’s holdings in Thomson Reuters were worth $3,578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Thomson Reuters by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 754,569 shares of the business services provider’s stock worth $30,423,000 after purchasing an additional 52,833 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Thomson Reuters during the 3rd quarter worth $245,000. MML Investors Services LLC acquired a new stake in Thomson Reuters during the 3rd quarter worth $287,000. Crossmark Global Holdings Inc. boosted its stake in Thomson Reuters by 7.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 48,707 shares of the business services provider’s stock worth $2,225,000 after purchasing an additional 3,470 shares during the last quarter. Finally, FMR LLC boosted its stake in Thomson Reuters by 596.2% during the 3rd quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock worth $89,376,000 after purchasing an additional 1,677,302 shares during the last quarter. 21.82% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on TRI. CIBC reaffirmed an “average” rating and set a $56.00 target price on shares of Thomson Reuters in a research note on Wednesday, February 27th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, December 5th. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 5th. Barclays reaffirmed a “hold” rating and set a $55.00 target price on shares of Thomson Reuters in a research note on Sunday, December 9th. Finally, Credit Suisse Group began coverage on shares of Thomson Reuters in a research note on Friday, December 7th. They set a “neutral” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.36.
Shares of TRI stock opened at $58.95 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $29.73 billion, a PE ratio of 78.60, a PEG ratio of 5.89 and a beta of 0.62. Thomson Reuters Corp has a twelve month low of $40.25 and a twelve month high of $59.63.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.14. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Thomson Reuters had a net margin of 71.79% and a return on equity of 4.00%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, analysts forecast that Thomson Reuters Corp will post 1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were issued a $0.36 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, March 7th. Thomson Reuters’s payout ratio is 192.00%.
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Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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