The LMR Partners LLP Raises Stake in Thomson Reuters Corp. (TRI)

The LMR Partners LLP Raises Stake in Thomson Reuters Corp. (TRI)

LMR Partners LLP raised its stake in shares of Thomson Reuters Corp. (NYSE:TRI) by 169.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,601 shares of the company’s stock after buying an additional 17,985 shares during the period. LMR Partners LLP’s holdings in Thomson Reuters Corp. were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in Thomson Reuters Corp. by 0.4% in the first quarter. Wellington Management Group LLP now owns 9,631,805 shares of the company’s stock valued at $389,895,000 after buying an additional 35,423 shares during the period. Beutel Goodman & Co Ltd. raised 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 valued at $230,882,000 after buying an additional 201,375 shares during the period. CIBC World Markets Inc. raised its position in Thomson Reuters Corp. by 0.5% in the second quarter. CIBC World Markets Inc. now owns 5,145,427 shares of the company’s stock valued at $207,978,000 after buying an additional 23,523 shares during the period. 1832 Asset Management L.P. raised its position in Thomson Reuters Corp. by 8.6% in the first quarter. 1832 Asset Management L.P. now owns 3,152,843 shares of the company’s stock valued at $168,856,000 after buying an additional 249,195 shares during the period. Finally, State Street Corp raised its position in Thomson Reuters Corp. by 2.2% in the first quarter. State Street Corp now owns 3,001,217 shares of the company’s stock valued at $121,484,000 after buying an additional 65,774 shares during the period. Institutional investors own 28.76% of the company’s stock.

Shares of Thomson Reuters Corp. (NYSE:TRI) traded down 1.17% during trading on Friday, reaching $40.50. 697,795 shares of the company traded hands. The stock has a market cap of $30.20 billion, a P/E ratio of 24.09 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. The stock’s 50 day moving average price is $41.30 and its 200-day moving average price is $41.30.

Thomson Reuters Corp. (NYSE:TRI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Thomson Reuters Corp. will post $2.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 18th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, August 16th. Thomson Reuters Corp.’s dividend payout ratio is 80.95%.

A number of research firms have commented on TRI. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 price objective on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th. Barclays PLC upped their price objective on shares of Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Macquarie began coverage on shares of Thomson Reuters Corp. in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Thomson Reuters Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, TD Securities reaffirmed a “hold” rating and set a $56.00 price objective on shares of Thomson Reuters Corp. in a research note on Wednesday, August 10th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Thomson Reuters Corp. currently has a consensus rating of “Hold” and a consensus target price of $48.00.

About Thomson Reuters Corp.

Related posts

Leave a Comment