Commerzbank Aktiengesellschaft FI lowered its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,765 shares of the company’s stock after selling 11,355 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Thomson Reuters Corp were worth $1,172,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Parnassus Investments CA increased its stake in shares of Thomson Reuters Corp by 14.9% in the third quarter. Parnassus Investments CA now owns 10,279,057 shares of the company’s stock worth $425,347,000 after buying an additional 1,332,842 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Thomson Reuters Corp during the third quarter valued at $31,060,000. Russell Investments Group Ltd. bought a new stake in Thomson Reuters Corp during the fourth quarter valued at $31,294,000. Montrusco Bolton Investments Inc. boosted its stake in Thomson Reuters Corp by 20.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,639,350 shares of the company’s stock valued at $108,948,000 after buying an additional 448,245 shares during the period. Finally, Numeric Investors LLC bought a new stake in Thomson Reuters Corp during the second quarter valued at $10,352,000. 28.64% of the stock is owned by institutional investors.
Shares of Thomson Reuters Corp (NYSE:TRI) opened at 44.86 on Wednesday. The company has a 50-day moving average price of $44.60 and a 200-day moving average price of $42.43. Thomson Reuters Corp has a 52 week low of $35.56 and a 52 week high of $45.68. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of 10.85 and a beta of 0.84.
Thomson Reuters Corp (NYSE:TRI) last issued its earnings results on Thursday, February 9th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.87 billion. Thomson Reuters Corp had a return on equity of 12.75% and a net margin of 27.88%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Equities analysts anticipate that Thomson Reuters Corp will post $2.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 23rd will be paid a $0.345 dividend. This is an increase from Thomson Reuters Corp’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, February 21st. This represents a $1.38 dividend on an annualized basis and a yield of 3.08%. Thomson Reuters Corp’s payout ratio is presently 32.54%.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. National Bank Financial cut Thomson Reuters Corp from an “outperform” rating to a “sector perform” rating in a report on Monday, December 12th. RBC Capital Markets set a $44.00 target price on Thomson Reuters Corp and gave the stock a “hold” rating in a research report on Tuesday, February 7th. TD Securities reaffirmed a “hold” rating and issued a $57.00 target price (up previously from $56.00) on shares of Thomson Reuters Corp in a research note on Saturday, November 26th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Thomson Reuters Corp in a research note on Thursday, November 3rd. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Thomson Reuters Corp currently has a consensus rating of “Hold” and a consensus price target of $46.91.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation is a provider of news and information for a range of professional markets. The Company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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