12,203 Shares in Thomson Reuters Corp (TRI) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,203 shares of the business services provider’s stock, valued at approximately $560,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TRI. BlackRock Inc. raised its position in shares of Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after buying an additional 3,819,883 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Thomson Reuters Corp by 919.8% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 20,691 shares of the business services provider’s stock valued at $958,000 after purchasing an additional 18,662 shares during the last quarter. Aperio Group LLC grew its holdings in Thomson Reuters Corp by 4.0% during the 2nd quarter. Aperio Group LLC now owns 131,604 shares of the business services provider’s stock valued at $6,092,000 after purchasing an additional 5,014 shares during the last quarter. Forsta AP Fonden grew its holdings in Thomson Reuters Corp by 11.5% during the 2nd quarter. Forsta AP Fonden now owns 143,175 shares of the business services provider’s stock valued at $6,619,000 after purchasing an additional 14,800 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in Thomson Reuters Corp by 16.3% during the 2nd quarter. APG Asset Management N.V. now owns 395,923 shares of the business services provider’s stock valued at $23,771,000 after purchasing an additional 55,500 shares during the last quarter. Hedge funds and other institutional investors own 24.72% of the company’s stock.

Shares of Thomson Reuters Corp (NYSE:TRI) opened at $43.93 on Friday. Thomson Reuters Corp has a 52-week low of $41.81 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $31,330.00, a P/E ratio of 17.68, a P/E/G ratio of 2.17 and a beta of 0.74.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Thomson Reuters Corp’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts forecast that Thomson Reuters Corp will post 2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.14%. Thomson Reuters Corp’s dividend payout ratio is currently 93.24%.

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TRI has been the topic of several analyst reports. TD Securities upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, September 5th. Deutsche Bank AG upped their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Macquarie upgraded shares of Thomson Reuters Corp to a “buy” rating and upped their price target for the company from $51.00 to $58.00 in a report on Tuesday, October 3rd. Finally, Morgan Stanley upped their target price on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.31.

Thomson Reuters Corp Company Profile

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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Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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