Strycker View Capital LLC increased its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,956 shares of the business services provider’s stock after acquiring an additional 63,916 shares during the quarter. Thomson Reuters comprises about 9.3% of Strycker View Capital LLC’s investment portfolio, making the stock its 5th largest position. Strycker View Capital LLC owned approximately 0.07% of Thomson Reuters worth $24,041,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Thomson Reuters by 8.4% during the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after buying an additional 103,158 shares in the last quarter. Hilton Capital Management LLC boosted its stake in Thomson Reuters by 67.7% in the first quarter. Hilton Capital Management LLC now owns 327,828 shares of the business services provider’s stock worth $19,407,000 after purchasing an additional 132,315 shares in the last quarter. Beutel Goodman & Co Ltd. lifted its stake in shares of Thomson Reuters by 0.8% during the first quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock valued at $105,675,000 after acquiring an additional 13,570 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Thomson Reuters during the first quarter valued at $689,000. Finally, AdvisorNet Financial Inc lifted its stake in Thomson Reuters by 110.3% in the second quarter. AdvisorNet Financial Inc now owns 3,010 shares of the business services provider’s stock valued at $194,000 after buying an additional 1,579 shares during the period. 20.40% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TRI traded up $0.96 on Wednesday, hitting $67.23. 27,363 shares of the stock traded hands, compared to its average volume of 600,242. The company has a market cap of $33.46 billion, a price-to-earnings ratio of 89.71, a price-to-earnings-growth ratio of 7.03 and a beta of 0.54. The stock’s fifty day simple moving average is $66.72. Thomson Reuters Corp has a 12 month low of $44.78 and a 12 month high of $70.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.83.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Thomson Reuters had a net margin of 69.36% and a return on equity of 5.16%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.17 earnings per share. On average, analysts forecast that Thomson Reuters Corp will post 1.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.64%. Thomson Reuters’s dividend payout ratio is presently 192.00%.
A number of research firms have weighed in on TRI. Canaccord Genuity downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. National Bank Financial lowered Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 29th. Zacks Investment Research raised Thomson Reuters from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday. Morgan Stanley boosted their price objective on Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Bank of America upped their price objective on Thomson Reuters from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.32.
Thomson Reuters Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
See Also: Cost of Goods Sold (COGS)
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