Montrusco Bolton Investments Inc. trimmed its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 81.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 326,673 shares of the business services provider’s stock after selling 1,470,081 shares during the period. Thomson Reuters comprises about 0.8% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 29th biggest position. Montrusco Bolton Investments Inc.’s holdings in Thomson Reuters were worth $14,285,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TRI. Parametric Portfolio Associates LLC boosted its holdings in Thomson Reuters by 1.3% in the third quarter. Parametric Portfolio Associates LLC now owns 283,110 shares of the business services provider’s stock valued at $12,989,000 after purchasing an additional 3,645 shares in the last quarter. AXA boosted its holdings in Thomson Reuters by 1.0% in the third quarter. AXA now owns 368,472 shares of the business services provider’s stock valued at $16,905,000 after purchasing an additional 3,700 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $492,000. Wunderlich Capital Managemnt boosted its holdings in Thomson Reuters by 4.6% in the third quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock valued at $1,520,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $328,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.
Thomson Reuters Corp (NYSE TRI) traded up $0.27 during mid-day trading on Friday, hitting $43.61. The stock had a trading volume of 260,794 shares, compared to its average volume of 684,838. The firm has a market capitalization of $30,770.00, a P/E ratio of 29.47, a P/E/G ratio of 2.02 and a beta of 0.71. Thomson Reuters Corp has a 1-year low of $42.22 and a 1-year high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.63.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters had a return on equity of 10.43% and a net margin of 12.43%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. equities research analysts expect that Thomson Reuters Corp will post 2.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 16th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Wednesday, November 15th. Thomson Reuters’s payout ratio is currently 93.24%.
TRI has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters in a report on Tuesday, September 19th. Zacks Investment Research downgraded Thomson Reuters from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Macquarie raised Thomson Reuters to a “buy” rating and upped their price target for the company from $51.00 to $58.00 in a report on Tuesday, October 3rd. Berenberg Bank set a $37.00 price target on Thomson Reuters and gave the company a “sell” rating in a report on Thursday, October 5th. Finally, Scotiabank raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $47.00 to $55.00 in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Thomson Reuters has an average rating of “Hold” and a consensus target price of $50.92.
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Thomson Reuters Profile
Thomson Reuters Corp (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.
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