Mawer Investment Management Ltd. raised its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 2,542,520 shares of the business services provider’s stock after buying an additional 25,132 shares during the period. Thomson Reuters Corp accounts for about 1.4% of Mawer Investment Management Ltd.’s holdings, making the stock its 24th largest position. Mawer Investment Management Ltd.’s holdings in Thomson Reuters Corp were worth $192,421,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRI. Tyers Asset Management LLC acquired a new position in Thomson Reuters Corp during the fourth quarter worth $126,000. Flinton Capital Management LLC purchased a new position in Thomson Reuters Corp during the fourth quarter worth approximately $153,000. Ladenburg Thalmann Financial Services Inc. raised its position in Thomson Reuters Corp by 9.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,776 shares of the business services provider’s stock worth $165,000 after buying an additional 337 shares during the period. Keybank National Association OH purchased a new position in Thomson Reuters Corp during the fourth quarter worth approximately $208,000. Finally, Bessemer Group Inc. raised its position 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 period. Institutional investors and hedge funds own 28.64% of the company’s stock.
Thomson Reuters Corp (NYSE:TRI) traded up 0.32% during mid-day trading on Friday, reaching $43.26. 738,927 shares of the company’s stock traded hands. The stock has a market capitalization of $31.23 billion, a PE ratio of 10.23 and a beta of 0.84. Thomson Reuters Corp has a 12-month low of $38.23 and a 12-month high of $46.00. The stock has a 50-day moving average price of $43.53 and a 200-day moving average price of $43.60.
Thomson Reuters Corp (NYSE:TRI) last issued its quarterly earnings data on Friday, April 28th. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Thomson Reuters Corp had a net margin of 27.88% and a return on equity of 12.75%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the company posted $0.48 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities research analysts expect that Thomson Reuters Corp will post $2.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.38 annualized dividend and a dividend yield of 3.20%. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 32.54%.
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TRI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Royal Bank of Canada set a $44.00 price objective on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a report on Tuesday, February 7th. Berenberg Bank initiated coverage on shares of Thomson Reuters Corp in a report on Thursday, April 20th. They set a “sell” rating and a $37.00 price objective for the company. Canaccord Genuity downgraded shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a report on Monday, May 1st. Finally, Scotiabank lifted their price objective on shares of Thomson Reuters Corp from $43.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, May 1st. One 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 company. The stock has an average rating of “Hold” and a consensus 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.
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