Cerity Partners LLC lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 56.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,146 shares of the business services provider's stock after purchasing an additional 15,230 shares during the period. Cerity Partners LLC's holdings in Thomson Reuters were worth $7,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of TRI. Mackenzie Financial Corp boosted its position in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares during the last quarter. Norges Bank bought a new position in shares of Thomson Reuters during the fourth quarter worth $148,221,000. Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after acquiring an additional 560,450 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after acquiring an additional 516,605 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Thomson Reuters by 16,802.9% during the first quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider's stock valued at $20,181,000 after purchasing an additional 116,108 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.
Thomson Reuters Trading Up 0.0%
Shares of TRI traded up $0.02 during midday trading on Friday, hitting $209.29. The stock had a trading volume of 1,241,712 shares, compared to its average volume of 482,804. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $94.30 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. The stock's 50 day moving average is $197.21 and its 200 day moving average is $180.94. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $218.42.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. As a group, analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.
Wall Street Analysts Forecast Growth
TRI has been the subject of several research reports. TD Securities reiterated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Barclays increased their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $187.30.
View Our Latest Research Report on TRI
About Thomson Reuters
(
Free Report)
Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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