Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 48.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,516 shares of the business services provider’s stock after selling 56,092 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Thomson Reuters were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IFG Advisory LLC bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $200,000. Lourd Capital LLC bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $264,000. APG Asset Management N.V. boosted its holdings in shares of Thomson Reuters by 0.7% during the 4th quarter. APG Asset Management N.V. now owns 500,023 shares of the business services provider’s stock valued at $18,210,000 after purchasing an additional 3,600 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $125,000. Finally, Jones Collombin Investment Counsel Inc boosted its holdings in shares of Thomson Reuters by 4,485.9% during the 4th quarter. Jones Collombin Investment Counsel Inc now owns 105,475 shares of the business services provider’s stock valued at $4,597,000 after purchasing an additional 103,175 shares during the last quarter. 24.30% of the stock is owned by institutional investors and hedge funds.
Thomson Reuters Corp (NYSE:TRI) opened at $39.39 on Friday. 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 Corp has a 1-year low of $39.01 and a 1-year high of $48.61. The company has a market cap of $28,149.30, a PE ratio of 20.20, a P/E/G ratio of 2.74 and a beta of 0.65.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.70%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. research analysts expect that Thomson Reuters Corp will post 1.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s payout ratio is currently 70.77%.
Several research analysts have commented on the stock. Edward Jones downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 31st. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada dropped their price objective on shares of Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $47.00 to $55.00 in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.23.
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About Thomson Reuters
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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