Troy Asset Management Ltd Purchases Shares of 91,725 Thomson Reuters Corp (TRI)

Troy Asset Management Ltd purchased a new stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 91,725 shares of the business services provider’s stock, valued at approximately $5,507,000. Thomson Reuters Corp accounts for approximately 0.2% of Troy Asset Management Ltd’s holdings, making the stock its 26th largest holding.

Several other hedge funds also recently modified their holdings of TRI. UBS Asset Management Americas Inc. boosted its stake in shares of Thomson Reuters Corp by 375.6% in the first quarter. UBS Asset Management Americas Inc. now owns 550,176 shares of the business services provider’s stock valued at $23,784,000 after buying an additional 434,487 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Thomson Reuters Corp by 7.0% in the first quarter. Ameriprise Financial Inc. now owns 35,514 shares of the business services provider’s stock valued at $1,535,000 after buying an additional 2,312 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Thomson Reuters Corp by 22.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,779 shares of the business services provider’s stock valued at $336,000 after buying an additional 1,432 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Thomson Reuters Corp by 19.4% in the first quarter. JPMorgan Chase & Co. now owns 389,341 shares of the business services provider’s stock valued at $16,830,000 after buying an additional 63,146 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Thomson Reuters Corp by 12.6% in the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock valued at $2,482,000 after buying an additional 4,931 shares during the period. Institutional investors and hedge funds own 26.15% of the company’s stock.

Thomson Reuters Corp (NYSE TRI) traded up 0.04% during midday trading on Monday, reaching $46.00. The company’s stock had a trading volume of 356,561 shares. The company has a market cap of $33.45 billion, a PE ratio of 11.12 and a beta of 0.75. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57. The stock has a 50-day moving average price of $45.70 and a 200 day moving average price of $45.01.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm earned $0.50 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts expect that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is 33.91%.

Several brokerages recently issued reports on TRI. BidaskClub upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a research note on Thursday, July 27th. Scotiabank boosted their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuter

Several other hedge funds also recently modified their holdings of TRI. UBS Asset Management Americas Inc. boosted its stake in shares of Thomson Reuters Corp by 375.6% in the first quarter. UBS Asset Management Americas Inc. now owns 550,176 shares of the business services provider’s stock valued at $23,784,000 after buying an additional 434,487 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Thomson Reuters Corp by 7.0% in the first quarter. Ameriprise Financial Inc. now owns 35,514 shares of the business services provider’s stock valued at $1,535,000 after buying an additional 2,312 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Thomson Reuters Corp by 22.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,779 shares of the business services provider’s stock valued at $336,000 after buying an additional 1,432 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Thomson Reuters Corp by 19.4% in the first quarter. JPMorgan Chase & Co. now owns 389,341 shares of the business services provider’s stock valued at $16,830,000 after buying an additional 63,146 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Thomson Reuters Corp by 12.6% in the first quarter. Schroder Investment Management Group now owns 44,071 shares of the business services provider’s stock valued at $2,482,000 after buying an additional 4,931 shares during the period. Institutional investors and hedge funds own 26.15% of the company’s stock.

Thomson Reuters Corp (NYSE TRI) traded up 0.04% during midday trading on Monday, reaching $46.00. The company’s stock had a trading volume of 356,561 shares. The company has a market cap of $33.45 billion, a PE ratio of 11.12 and a beta of 0.75. Thomson Reuters Corp has a 12 month low of $39.23 and a 12 month high of $48.57. The stock has a 50-day moving average price of $45.70 and a 200 day moving average price of $45.01.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm earned $0.50 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts expect that Thomson Reuters Corp will post $2.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is 33.91%.

Several brokerages recently issued reports on TRI. BidaskClub upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a research note on Thursday, July 27th. Scotiabank boosted their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuters Corp currently has a consensus rating of “Hold” and a consensus target price of $51.00.

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About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based 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 unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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