Swiss National Bank increased its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 739,498 shares of the business services provider’s stock after purchasing an additional 32,200 shares during the quarter. Swiss National Bank owned 0.15% of Thomson Reuters worth $47,702,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. Horan Capital Advisors LLC. acquired a new position in shares of Thomson Reuters during the 1st quarter worth about $38,000. Zions Bancorporation N.A. acquired a new position in shares of Thomson Reuters during the 2nd quarter worth about $52,000. Quadrant Capital Group LLC boosted its position in shares of Thomson Reuters by 481.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,924 shares of the business services provider’s stock worth $111,000 after acquiring an additional 1,593 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Thomson Reuters during the 2nd quarter worth about $167,000. Finally, NEXT Financial Group Inc acquired a new position in shares of Thomson Reuters during the 2nd quarter worth about $170,000. 19.48% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on TRI shares. Royal Bank of Canada upped their price objective on Thomson Reuters from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Macquarie cut Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 price objective for the company. in a research report on Tuesday, June 25th. Bank of America upped their price objective on Thomson Reuters from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. ValuEngine cut Thomson Reuters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $95.00 price objective on shares of Thomson Reuters in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.32.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Thomson Reuters had a return on equity of 5.16% and a net margin of 69.36%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. Sell-side analysts anticipate that Thomson Reuters Corp will post 1.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be given a $0.275 dividend. 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 (DPR) is presently 192.00%.
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.
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