Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,549 shares of the business services provider’s stock after purchasing an additional 92 shares during the period. Signaturefd LLC’s holdings in Thomson Reuters were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TRI. Vanguard Group Inc. increased its position in shares of Thomson Reuters by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock valued at $894,442,000 after buying an additional 41,680 shares in the last quarter. TD Asset Management Inc increased its holdings in Thomson Reuters by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock worth $686,640,000 after acquiring an additional 26,483 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Thomson Reuters by 9.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock worth $245,893,000 after acquiring an additional 125,167 shares in the last quarter. Cibc World Market Inc. raised its position in Thomson Reuters by 26.3% during the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock worth $223,525,000 after acquiring an additional 276,206 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Thomson Reuters by 21.8% during the second quarter. CIBC Asset Management Inc now owns 776,976 shares of the business services provider’s stock valued at $130,890,000 after purchasing an additional 138,971 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research reports. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on Thomson Reuters from $168.00 to $171.00 and gave the company a “sector perform” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $164.00 to $182.00 in a research note on Tuesday, August 27th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $173.73.

Thomson Reuters Trading Up 0.2 %

Shares of TRI stock opened at $167.13 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The company’s 50-day moving average price is $168.71 and its 200-day moving average price is $165.67. The stock has a market cap of $75.19 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business posted $0.84 EPS. Thomson Reuters’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts predict that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.146 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.58 annualized dividend and a yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is 41.46%.

Thomson Reuters Company Profile

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.