Quantbot Technologies LP grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 681.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,746 shares of the business services provider's stock after purchasing an additional 14,604 shares during the quarter. Quantbot Technologies LP's holdings in Thomson Reuters were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Thomson Reuters during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock worth $28,000 after buying an additional 80 shares during the last quarter. Asset Dedication LLC increased its stake in shares of Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in shares of Thomson Reuters in the third quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth $47,000. 17.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on TRI shares. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company initiated coverage on Thomson Reuters in a research note on Tuesday. They issued an "equal weight" rating and a $165.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $175.20.
Check Out Our Latest Analysis on Thomson Reuters
Thomson Reuters Trading Up 0.6 %
NYSE:TRI traded up $0.91 during trading hours on Thursday, reaching $161.70. The company's stock had a trading volume of 243,316 shares, compared to its average volume of 353,578. The firm has a 50-day simple moving average of $166.69 and a 200-day simple moving average of $167.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a 1 year low of $138.57 and a 1 year high of $176.03. The firm has a market capitalization of $72.75 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 5.44 and a beta of 0.73.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. Research analysts expect that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.
Thomson Reuters Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's payout ratio is presently 42.52%.
Thomson Reuters Profile
(
Free Report)
Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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