Alliancebernstein L.P. grew its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900,039 shares of the business services provider’s stock after purchasing an additional 84,745 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Thomson Reuters worth $39,233,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Palo Capital Inc. lifted its stake in Thomson Reuters by 7.5% during the 4th quarter. Palo Capital Inc. now owns 17,343 shares of the business services provider’s stock worth $756,000 after acquiring an additional 1,209 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Thomson Reuters by 1.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 91,325 shares of the business services provider’s stock worth $4,187,000 after acquiring an additional 1,288 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Thomson Reuters by 10.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 14,746 shares of the business services provider’s stock worth $643,000 after acquiring an additional 1,355 shares in the last quarter. Wunderlich Capital Managemnt lifted its stake in Thomson Reuters by 4.6% during the 3rd quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in Thomson Reuters by 85.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock worth $175,000 after acquiring an additional 1,851 shares in the last quarter. 25.60% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on TRI. Zacks Investment Research raised Thomson Reuters from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Credit Suisse Group restated a “hold” rating and set a $51.00 price target on shares of Thomson Reuters in a report on Wednesday, January 31st. Canaccord Genuity set a $44.00 price target on Thomson Reuters and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Scotiabank cut their price target on Thomson Reuters from $52.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Two equities research 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.23.
Shares of TRI traded down $0.20 during mid-day trading on Friday, reaching $39.67. The company’s stock had a trading volume of 1,159,650 shares, compared to its average volume of 938,764. Thomson Reuters Corp has a 12-month low of $38.22 and a 12-month high of $48.61. The company has a market cap of $28,290.62, a P/E ratio of 15.88, a PEG ratio of 3.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.62.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. analysts predict that Thomson Reuters Corp will post 1.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd were issued a $0.345 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.48%. Thomson Reuters’s payout ratio is currently 54.98%.
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Thomson Reuters 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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