Raymond James Financial Services Advisors Inc. increased its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 59.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,200 shares of the business services provider’s stock after buying an additional 3,813 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Thomson Reuters were worth $445,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in Thomson Reuters in the 4th quarter worth about $125,000. Jackson Grant Investment Advisers Inc. grew its stake in shares of 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 valued at $175,000 after purchasing an additional 1,851 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $216,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $245,000. Finally, San Francisco Sentry Investment Group CA grew its stake in shares of Thomson Reuters by 742.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 5,560 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 4,900 shares during the period. Institutional investors own 25.60% of the company’s stock.
Shares of NYSE:TRI traded down $0.20 during mid-day trading on Friday, reaching $39.67. 1,159,650 shares of the company traded hands, compared to its average volume of 938,764. The company has a market cap of $28,148.72, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.99 and a beta of 0.69. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Thomson Reuters Corp has a 52 week low of $38.22 and a 52 week high of $48.61.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.95 billion. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. equities research analysts predict that Thomson Reuters Corp will post 1.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a $0.345 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.38 dividend on an annualized basis and a yield of 3.48%. Thomson Reuters’s dividend payout ratio is presently 54.98%.
A number of research firms have issued reports on TRI. Zacks Investment Research upgraded Thomson Reuters from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine downgraded 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 research note on Wednesday, January 31st. Canaccord Genuity set a $44.00 price target on Thomson Reuters and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Scotiabank cut their price target on Thomson Reuters from $52.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.23.
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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.
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