Allianz Asset Management GmbH Has $35.49 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Allianz Asset Management GmbH raised its position in Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 83.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 296,357 shares of the business services provider’s stock after purchasing an additional 135,117 shares during the period. Allianz Asset Management GmbH’s holdings in Thomson Reuters were worth $35,489,000 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 the business. We Are One Seven LLC grew its holdings in Thomson Reuters by 1.3% in the 4th quarter. We Are One Seven LLC now owns 7,695 shares of the business services provider’s stock valued at $572,000 after buying an additional 95 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Thomson Reuters by 3.2% during the 3rd quarter. American Century Companies Inc. now owns 3,254 shares of the business services provider’s stock worth $360,000 after purchasing an additional 100 shares in the last quarter. Creative Planning grew its holdings in shares of Thomson Reuters by 2.9% during the 3rd quarter. Creative Planning now owns 4,062 shares of the business services provider’s stock worth $449,000 after purchasing an additional 113 shares in the last quarter. RVW Wealth LLC grew its holdings in shares of Thomson Reuters by 0.9% during the 4th quarter. RVW Wealth LLC now owns 13,192 shares of the business services provider’s stock worth $2,000,000 after purchasing an additional 119 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Thomson Reuters by 24.6% during the 3rd quarter. Captrust Financial Advisors now owns 658 shares of the business services provider’s stock worth $73,000 after purchasing an additional 130 shares in the last quarter. 21.17% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters stock opened at $96.77 on Friday. The stock’s 50 day moving average is $103.04 and its 200 day moving average is $108.80. Thomson Reuters Co. has a one year low of $91.55 and a one year high of $123.60. The firm has a market cap of $47.13 billion, a P/E ratio of 28.80, a P/E/G ratio of 2.87 and a beta of 0.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.01 and a quick ratio of 1.01.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last issued its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts anticipate that Thomson Reuters Co. will post 2.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Thursday, May 26th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Wednesday, May 25th. Thomson Reuters’s payout ratio is 52.98%.

Several analysts have recently issued reports on the company. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th. Royal Bank of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $124.00 to $120.00 in a research note on Wednesday, February 9th. Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Bank of America assumed coverage on Thomson Reuters in a research note on Friday, March 11th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reduced their price objective on Thomson Reuters from $110.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $132.88.

About Thomson Reuters (Get Rating)

Thomson Reuters Corporation provides 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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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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