Blair William & Co. IL Sells 689 Shares of Thomson Reuters Corp (TRI)

Blair William & Co. IL Sells 689 Shares of Thomson Reuters Corp (TRI)

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CIBC World Markets Inc. raised its stake in Thomson Reuters Corp by 4.8% in the third quarter. CIBC World Markets Inc. now owns 5,391,650 shares of the business services provider’s stock valued at $223,106,000 after buying an additional 246,223 shares during the period. Bayesian Capital Management LP acquired a new stake in Thomson Reuters Corp during the fourth quarter valued at about $771,000. Lincluden Management Ltd. raised its stake in Thomson Reuters Corp by 16.2% in the fourth quarter. Lincluden Management Ltd. now owns 178,320 shares of the business services provider’s stock valued at $7,796,000 after buying an additional 24,835 shares during the period. Beutel Goodman & Co Ltd. raised its stake in Thomson Reuters Corp by 4.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 5,057,257 shares of the business services provider’s stock valued at $218,332,000 after buying an additional 236,410 shares during the period. Finally, AQR Capital Management LLC raised its stake in Thomson Reuters Corp by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 997,380 shares of the business services provider’s stock valued at $43,695,000 after buying an additional 105,132 shares during the period. Hedge funds and other institutional investors own 28.64% of the company’s stock.

Blair William & Co. IL reduced its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 2.4% during the first quarter, Holdings Channel reports. The fund owned 28,069 shares of the business services provider’s stock after selling 689 shares during the period. Blair William & Co. IL’s holdings in Thomson Reuters Corp were worth $1,213,000 at the end of the most recent quarter.

Thomson Reuters Corp (NYSE:TRI) traded down 0.34% on Wednesday, reaching $43.66. 1,022,651 shares of the company’s stock traded hands. Thomson Reuters Corp has a 52 week low of $38.23 and a 52 week high of $46.00. The stock has a market capitalization of $31.52 billion, a price-to-earnings ratio of 10.32 and a beta of 0.84. The firm has a 50-day moving average price of $43.68 and a 200-day moving average price of $43.75.

Thomson Reuters Corp (NYSE:TRI) last issued its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Thomson Reuters Corp had a return on equity of 12.75% and a net margin of 27.88%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $0.48 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Thomson Reuters Corp will post $2.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 18th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, May 16th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 32.54%.

Several analysts have recently issued reports on TRI shares. Zacks Investment Research raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, April 20th. Canaccord Genuity lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Monday, May 1st. Royal Bank of Canada reissued a “hold” rating on shares of Thomson Reuters Corp in a research report on Wednesday, April 26th. BMO Capital Markets boosted their price target on shares of Thomson Reuters Corp from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Finally, National Bank Financial raised shares of Thomson Reuters Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Thomson Reuters Corp presently has a consensus rating of “Hold” and an average target price of $47.78.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Corp (NYSE:TRI) (TSE:TRI).

Related posts

Leave a Comment