Thomson Reuters Corp (TRI) Shares Sold by Balyasny Asset Management LLC

Balyasny Asset Management LLC lowered its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 56.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,995 shares of the business services provider’s stock after selling 41,610 shares during the quarter. Balyasny Asset Management LLC’s holdings in Thomson Reuters Corp were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Omnia Family Wealth LLC boosted its position in Thomson Reuters Corp by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 10 shares during the last quarter. Community Financial Services Group LLC boosted its position in Thomson Reuters Corp by 0.5% during the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock valued at $1,819,000 after acquiring an additional 220 shares during the last quarter. Suntrust Banks Inc. boosted its position in Thomson Reuters Corp by 0.8% during the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 368 shares during the last quarter. Bank of Stockton boosted its position in Thomson Reuters Corp by 4.8% during the second quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 375 shares during the last quarter. Finally, Palo Capital Inc. boosted its position in Thomson Reuters Corp by 3.2% during the second quarter. Palo Capital Inc. now owns 16,121 shares of the business services provider’s stock valued at $746,000 after acquiring an additional 500 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on TRI shares. Deutsche Bank AG upped their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, September 5th. TD Securities raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Macquarie raised shares of Thomson Reuters Corp to a “buy” rating and increased their price objective for the stock from $51.00 to $58.00 in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.00.

Shares of Thomson Reuters Corp (TRI) opened at 46.81 on Friday. Thomson Reuters Corp has a 12-month low of $39.23 and a 12-month high of $48.57. The company has a 50 day moving average of $45.76 and a 200-day moving average of $45.11. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 11.32 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping the 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 business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Thomson Reuters Corp’s quarterly revenue was up .5% on a year-over-year basis. Analysts predict that Thomson Reuters Corp will post $2.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.95%. The ex-dividend date was Tuesday, August 15t

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Omnia Family Wealth LLC boosted its position in Thomson Reuters Corp by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 10 shares during the last quarter. Community Financial Services Group LLC boosted its position in Thomson Reuters Corp by 0.5% during the first quarter. Community Financial Services Group LLC now owns 42,076 shares of the business services provider’s stock valued at $1,819,000 after acquiring an additional 220 shares during the last quarter. Suntrust Banks Inc. boosted its position in Thomson Reuters Corp by 0.8% during the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 368 shares during the last quarter. Bank of Stockton boosted its position in Thomson Reuters Corp by 4.8% during the second quarter. Bank of Stockton now owns 8,110 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 375 shares during the last quarter. Finally, Palo Capital Inc. boosted its position in Thomson Reuters Corp by 3.2% during the second quarter. Palo Capital Inc. now owns 16,121 shares of the business services provider’s stock valued at $746,000 after acquiring an additional 500 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on TRI shares. Deutsche Bank AG upped their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, September 5th. TD Securities raised shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Macquarie raised shares of Thomson Reuters Corp to a “buy” rating and increased their price objective for the stock from $51.00 to $58.00 in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.00.

Shares of Thomson Reuters Corp (TRI) opened at 46.81 on Friday. Thomson Reuters Corp has a 12-month low of $39.23 and a 12-month high of $48.57. The company has a 50 day moving average of $45.76 and a 200-day moving average of $45.11. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 11.32 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping the 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 business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Thomson Reuters Corp’s quarterly revenue was up .5% on a year-over-year basis. Analysts predict that Thomson Reuters Corp will post $2.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.95%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is currently 33.91%.

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Thomson Reuters Corp Profile

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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