Cibc World Market Inc. lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) TSE: TRI by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552,166 shares of the business services provider’s stock after selling 47,681 shares during the quarter. Cibc World Market Inc. owned approximately 0.34% of Thomson Reuters worth $249,145,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters in the 4th quarter valued at about $26,000. Asset Dedication LLC raised its holdings in shares of Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the last quarter. Clean Yield Group purchased a new position in shares of Thomson Reuters in the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters in the third quarter worth approximately $47,000. Finally, Exchange Traded Concepts LLC raised its stake in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.
TRI traded down $0.82 on Friday, hitting $168.22. The company had a trading volume of 424,186 shares, compared to its average volume of 265,687. The company’s fifty day moving average price is $163.23 and its 200 day moving average price is $165.21. Thomson Reuters Co. has a 1 year low of $148.16 and a 1 year high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $75.70 billion, a P/E ratio of 33.11, a PEG ratio of 5.27 and a beta of 0.72.
Thomson Reuters (NYSE:TRI – Get Free Report) TSE: TRI last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.54 dividend. The ex-dividend date was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. Thomson Reuters’s payout ratio is presently 42.52%.
Several equities research analysts have issued reports on TRI shares. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. CIBC upped their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Scotiabank raised their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company began coverage on Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price target for the company. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $176.10.
Read Our Latest Report on Thomson Reuters
Thomson Reuters Corporation engages in the provision of 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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