QS Investors LLC Grows Position in Thomson Reuters Corp (NYSE:TRI)

QS Investors LLC boosted its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 53.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,159 shares of the business services provider’s stock after purchasing an additional 39,965 shares during the period. QS Investors LLC’s holdings in Thomson Reuters were worth $4,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TRI. Mackenzie Financial Corp lifted its stake in Thomson Reuters by 1,010.4% in the fourth quarter. Mackenzie Financial Corp now owns 12,479,906 shares of the business services provider’s stock worth $543,999,000 after purchasing an additional 11,356,000 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Thomson Reuters by 85.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,978,530 shares of the business services provider’s stock worth $86,592,000 after purchasing an additional 909,851 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Thomson Reuters in the third quarter worth $41,447,000. Citadel Advisors LLC lifted its stake in Thomson Reuters by 148.9% in the third quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock worth $56,556,000 after purchasing an additional 737,370 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Thomson Reuters in the fourth quarter worth $19,227,000. 25.60% of the stock is owned by institutional investors and hedge funds.

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Several analysts have weighed in on the stock. Scotiabank reissued a “buy” rating and issued a $52.00 price target (down from $54.00) on shares of Thomson Reuters in a research note on Wednesday, January 31st. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 31st. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Credit Suisse Group reissued a “hold” rating on shares of Thomson Reuters in a research note on Friday, February 9th. Finally, Canaccord Genuity set a $44.00 price objective on shares of Thomson Reuters and gave the company a “hold” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.23.

Shares of NYSE:TRI opened at $39.67 on Friday. The stock has a market cap of $28,042.27, a PE ratio of 15.80, a PEG ratio of 2.98 and a beta of 0.69. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.40. Thomson Reuters Corp has a 12 month low of $38.22 and a 12 month high of $48.61.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.61%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Thomson Reuters’s revenue was up 2.9% on a year-over-year basis. equities analysts anticipate that Thomson Reuters Corp will post 1.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 21st. Thomson Reuters’s payout ratio is currently 54.98%.

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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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