Altrinsic Global Advisors LLC lowered its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,676,924 shares of the business services provider’s stock after selling 34,617 shares during the period. Thomson Reuters comprises 4.5% of Altrinsic Global Advisors LLC’s holdings, making the stock its 8th biggest holding. Altrinsic Global Advisors LLC’s holdings in Thomson Reuters were worth $117,058,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $125,000. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Thomson Reuters by 85.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock worth $175,000 after buying an additional 1,851 shares during the period. IFG Advisory LLC acquired a new position in shares of Thomson Reuters in the fourth quarter worth about $200,000. Boothbay Fund Management LLC acquired a new position in shares of Thomson Reuters in the third quarter worth about $216,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Thomson Reuters in the third quarter worth about $245,000. 25.53% of the stock is currently owned by institutional investors.
Shares of Thomson Reuters Corp (NYSE TRI) opened at $39.39 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40. The company has a market cap of $27,930.00, a P/E ratio of 25.91, a P/E/G ratio of 3.34 and a beta of 0.65. Thomson Reuters Corp has a fifty-two week low of $39.01 and a fifty-two week high of $48.61.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is currently 90.79%.
Several research analysts have commented on TRI shares. Zacks Investment Research cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Morgan Stanley decreased their target price on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $48.00 target price on shares of Thomson Reuters in a report on Wednesday, January 24th. Credit Suisse Group reiterated a “hold” rating and issued a $51.00 target price on shares of Thomson Reuters in a report on Wednesday, January 31st. Finally, Goldman Sachs Group started coverage on shares of Thomson Reuters in a report on Wednesday, November 8th. They issued a “sell” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.23.
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Thomson Reuters Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit 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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