Today, Thomson Reuters Corp. (TRI) Stake Held by Ingalls & Snyder LLC

Today, Thomson Reuters Corp. (TRI) Stake Held by Ingalls & Snyder LLC
Ingalls & Snyder LLC continued to hold its position in Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,169 shares of the company’s stock at the end of the third quarter. Ingalls & Snyder LLC’s holdings in Thomson Reuters Corp. were worth $835,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC World Markets Inc. boosted its position in Thomson Reuters Corp. by 4.8% in the third quarter. CIBC World Markets Inc. now owns 5,391,650 shares of the company’s stock worth $223,106,000 after buying an additional 246,223 shares during the period. Bank of New York Mellon Corp boosted its position in Thomson Reuters Corp. by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 1,687,326 shares of the company’s stock worth $69,821,000 after buying an additional 37,454 shares during the period. Tdam USA Inc. purchased a new position in Thomson Reuters Corp. during the third quarter worth about $246,000. Neuberger Berman Group LLC boosted its position in Thomson Reuters Corp. by 0.6% in the third quarter. Neuberger Berman Group LLC now owns 618,151 shares of the company’s stock worth $25,579,000 after buying an additional 3,771 shares during the period. Finally, First Trust Advisors LP boosted its position in Thomson Reuters Corp. by 14.7% in the third quarter. First Trust Advisors LP now owns 424,052 shares of the company’s stock worth $17,547,000 after buying an additional 54,361 shares during the period. Hedge funds and other institutional investors own 28.98% of the company’s stock.

Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.94% during midday trading on Friday, reaching $42.98. 257,375 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $40.75 and a 200 day moving average price of $41.35. Thomson Reuters Corp. has a 12 month low of $33.96 and a 12 month high of $43.68. The firm has a market cap of $31.58 billion, a PE ratio of 25.43 and a beta of 0.82.

Thomson Reuters Corp. (NYSE:TRI) last posted its earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. The company earned $2.74 billion during the quarter, compared to the consensus estimate of $2.75 billion. Thomson Reuters Corp. had a net margin of 11.25% and a return on equity of 13.16%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts predict that Thomson Reuters Corp. will post $2.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, November 15th. Thomson Reuters Corp.’s payout ratio is presently 80.95%.

TRI has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. TD Securities restated a “hold” rating and issued a $56.00 price objective on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Scotiabank restated a “sector perform” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. RBC Capital Markets restated a “sector perform” rating and issued a $56.00 price objective on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Finally, CIBC restated 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. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.43.

About Thomson Reuters Corp.

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