Alliancebernstein L.P. Has $41.03 Million Holding in Thomson Reuters Corp (TRI)

Alliancebernstein L.P. Has $41.03 Million Holding in Thomson Reuters Corp (TRI)

Alliancebernstein L.P. increased its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 6.7% during the first quarter, Holdings Channel reports. The fund owned 949,151 shares of the business services provider’s stock after buying an additional 59,710 shares during the period. Alliancebernstein L.P.’s holdings in Thomson Reuters Corp were worth $41,032,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Prudential PLC bought a new stake in Thomson Reuters Corp during the fourth quarter worth $272,000. Ruffer LLP increased its stake in Thomson Reuters Corp by 1.2% in the fourth quarter. Ruffer LLP now owns 126,250 shares of the business services provider’s stock worth $4,507,000 after buying an additional 1,508 shares during the last quarter. Comerica Bank increased its stake in Thomson Reuters Corp by 35.4% in the fourth quarter. Comerica Bank now owns 56,629 shares of the business services provider’s stock worth $2,553,000 after buying an additional 14,809 shares during the last quarter. Bessemer Group Inc. increased its stake in Thomson Reuters Corp by 13.7% in the fourth quarter. Bessemer Group Inc. now owns 4,810 shares of the business services provider’s stock worth $210,000 after buying an additional 580 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new stake in Thomson Reuters Corp during the fourth quarter worth $889,000. Institutional investors own 28.64% of the company’s stock.

Shares of Thomson Reuters Corp (NYSE:TRI) traded up 0.75% on Friday, hitting $44.18. 1,708,083 shares of the stock were exchanged. Thomson Reuters Corp has a 52-week low of $38.23 and a 52-week high of $46.00. The company has a 50 day moving average of $43.71 and a 200 day moving average of $43.75. The company has a market cap of $31.89 billion, a price-to-earnings ratio of 10.45 and a beta of 0.84.

Thomson Reuters Corp (NYSE:TRI) last released its quarterly earnings data on Friday, April 28th. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.80 billion. Thomson Reuters Corp had a return on equity of 12.75% and a net margin of 27.88%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Equities research analysts forecast that Thomson Reuters Corp will post $2.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, May 16th. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 32.54%.

A number of research firms have recently weighed in on TRI. Canaccord Genuity downgraded 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 note on Monday, May 1st. Zacks Investment Research upgraded shares of Thomson Reuters Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, February 14th. Royal Bank of Canada set a $44.00 target price on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a research report on Tuesday, February 7th. Scotiabank lifted their target price on shares of Thomson Reuters Corp from $43.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, May 1st. Finally, BMO Capital Markets lifted their target price on shares of Thomson Reuters Corp from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Thomson Reuters Corp currently has a consensus rating of “Hold” and an average price target of $47.78.

About Thomson Reuters Corp

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”});

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