Aperio Group LLC increased its stake in Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 192,467 shares of the company’s stock after buying an additional 97 shares during the period. Aperio Group LLC’s holdings in Thomson Reuters Corp. were worth $7,964,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of TRI. Logan Capital Management Inc. increased its stake in shares of Thomson Reuters Corp. by 10.8% in the first quarter. Logan Capital Management Inc. now owns 21,807 shares of the company’s stock valued at $882,000 after buying an additional 2,127 shares during the period. Nexus Investment Management Inc. increased its position in Thomson Reuters Corp. by 4.4% in the second quarter. Nexus Investment Management Inc. now owns 436,425 shares of the company’s stock worth $17,536,000 after buying an additional 18,200 shares during the last quarter. Raymond James Trust N.A. increased its position in Thomson Reuters Corp. by 3.5% in the second quarter. Raymond James Trust N.A. now owns 11,302 shares of the company’s stock worth $456,000 after buying an additional 382 shares during the last quarter. Beutel Goodman & Co Ltd. increased its position in Thomson Reuters Corp. by 3.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,746,222 shares of the company’s stock worth $230,882,000 after buying an additional 201,375 shares during the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new position in Thomson Reuters Corp. during the second quarter worth approximately $182,000. Institutional investors own 28.98% of the company’s stock.
Thomson Reuters Corp. (NYSE:TRI) traded down 0.07% during mid-day trading on Thursday, hitting $42.58. The stock had a trading volume of 819,270 shares. The company has a 50-day moving average of $40.75 and a 200-day moving average of $41.35. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 25.20 and a beta of 0.82. Thomson Reuters Corp. has a 12-month low of $33.96 and a 12-month high of $43.68.
Thomson Reuters Corp. (NYSE:TRI) last announced its earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that Thomson Reuters Corp. will post $2.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, November 15th. Thomson Reuters Corp.’s dividend payout ratio is currently 80.95%.
A number of research analysts have recently commented on the company. TD Securities reiterated a “hold” rating and issued a $56.00 price objective on shares of Thomson Reuters Corp. in a report on Wednesday, August 10th. Zacks Investment Research upgraded Thomson Reuters Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. CIBC reiterated an “outperform” rating and issued a $45.00 price objective (up previously from $44.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Finally, Scotiabank reissued a “sector perform” rating and issued a $43.00 target price (up from $42.00) on shares of Thomson Reuters Corp. in a research report on Thursday, November 3rd. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.43.
Thomson Reuters Corp. Company Profile