Elkfork Partners LLC purchased a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,884 shares of the business services provider’s stock, valued at approximately $126,000.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $125,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Thomson Reuters by 85.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock valued at $175,000 after acquiring an additional 1,851 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $216,000. Lourd Capital LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $264,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $328,000. 25.60% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on TRI shares. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, January 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Thomson Reuters in a research note on Wednesday, January 24th. Credit Suisse Group reaffirmed a “hold” rating and set a $51.00 price target on shares of Thomson Reuters in a research note on Wednesday, January 31st. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 31st. Finally, Scotiabank reaffirmed a “buy” rating and set a $52.00 price target (down previously from $54.00) on shares of Thomson Reuters in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.23.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.95 billion. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.61%. Thomson Reuters’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. sell-side analysts anticipate that Thomson Reuters Corp will post 1.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 22nd were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 21st. Thomson Reuters’s payout ratio is 54.98%.
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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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