Thomson Reuters Corp (TRI) Stake Increased by NN Investment Partners Holdings N.V.

Thomson Reuters Corp (TRI) Stake Increased by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. boosted its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,704 shares of the company’s stock after buying an additional 500 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Thomson Reuters Corp were worth $775,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Parnassus Investments CA boosted its stake in Thomson Reuters Corp by 14.9% in the third quarter. Parnassus Investments CA now owns 10,279,057 shares of the company’s stock valued at $425,347,000 after buying an additional 1,332,842 shares during the period. Vanguard Group Inc. raised its position in Thomson Reuters Corp by 9.9% in the second quarter. Vanguard Group Inc. now owns 6,720,025 shares of the company’s stock valued at $271,624,000 after buying an additional 607,976 shares in the last quarter. CIBC World Markets Inc. raised its position in Thomson Reuters Corp by 4.8% in the third quarter. CIBC World Markets Inc. now owns 5,391,650 shares of the company’s stock valued at $223,106,000 after buying an additional 246,223 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in Thomson Reuters Corp by 20.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,639,350 shares of the company’s stock valued at $108,948,000 after buying an additional 448,245 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Thomson Reuters Corp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,221,225 shares of the company’s stock valued at $91,914,000 after buying an additional 26,690 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shares of Thomson Reuters Corp (NYSE:TRI) traded down 0.38% on Friday, reaching $45.00. 95,911 shares of the company were exchanged. Thomson Reuters Corp has a 52 week low of $34.01 and a 52 week high of $45.68. The company has a market capitalization of $33.06 billion, a price-to-earnings ratio of 26.63 and a beta of 0.83. The company’s 50-day moving average is $44.55 and its 200-day moving average is $42.28.

Thomson Reuters Corp (NYSE:TRI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.75 billion. Thomson Reuters Corp had a net margin of 11.25% and a return on equity of 13.16%. Thomson Reuters Corp’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities analysts expect that Thomson Reuters Corp will post $2.05 EPS for the current fiscal year.

TRI has been the topic of several recent research reports. Zacks Investment Research lowered shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Thomson Reuters Corp in a report on Thursday, November 3rd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $56.00 target price on shares of Thomson Reuters Corp in a report on Thursday, November 3rd. TD Securities reaffirmed a “hold” rating and set a $57.00 target price (up previously from $56.00) on shares of Thomson Reuters Corp in a report on Saturday, November 26th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $43.00 target price (up previously from $42.00) on shares of Thomson Reuters Corp in a report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.08.

Thomson Reuters Corp Company Profile

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).

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