Thomson Reuters Corp (TRI) Holdings Trimmed by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. decreased its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,721 shares of the business services provider’s stock after selling 3,158 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Thomson Reuters were worth $206,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec raised its position in Thomson Reuters by 2.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,060,000 shares of the business services provider’s stock worth $186,633,000 after buying an additional 113,500 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Thomson Reuters by 2.8% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,669,229 shares of the business services provider’s stock worth $122,514,000 after buying an additional 72,684 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Thomson Reuters by 11.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,888,932 shares of the business services provider’s stock worth $86,427,000 after buying an additional 193,342 shares during the last quarter. Citadel Advisors LLC raised its position in Thomson Reuters by 148.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock worth $56,556,000 after buying an additional 737,370 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Thomson Reuters by 223.5% in the 3rd quarter. Mackenzie Financial Corp now owns 1,123,906 shares of the business services provider’s stock worth $51,565,000 after buying an additional 776,445 shares during the last quarter. 24.40% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $47.00 to $55.00 in a research report on Tuesday, October 17th. Morgan Stanley upped their price target on shares of Thomson Reuters from $51.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Credit Suisse Group assumed coverage on shares of Thomson Reuters in a research report on Tuesday, October 24th. They set a “neutral” rating and a $52.00 price target for the company. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, November 1st. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $46.00 price target on shares of Thomson Reuters in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Thomson Reuters presently has an average rating of “Hold” and a consensus price target of $50.23.

Shares of Thomson Reuters Corp (NYSE TRI) opened at $39.84 on Wednesday. The stock has a market cap of $28,462.39, a P/E ratio of 20.43, a P/E/G ratio of 2.72 and a beta of 0.65. Thomson Reuters Corp has a fifty-two week low of $39.01 and a fifty-two week high of $48.61. The company has a quick ratio of 0.63, a current ratio of 0.62 and a debt-to-equity ratio of 0.40.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.95 billion. Thomson Reuters had a net margin of 9.85% and a return on equity of 8.57%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. analysts predict that Thomson Reuters Corp will post 1.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is 70.77%.

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Thomson Reuters 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.

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

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