Laurion Capital Management LP bought a new position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 545,808 shares of the business services provider’s stock, valued at approximately $24,933,000. Thomson Reuters makes up about 0.2% of Laurion Capital Management LP’s portfolio, making the stock its 21st largest holding.
Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $190,000. Beach Investment Counsel Inc. PA bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $200,000. IFG Advisory LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $205,000. CLARET ASSET MANAGEMENT Corp bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $226,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth $202,000. 33.08% of the stock is owned by institutional investors.
Several research firms recently issued reports on TRI. Morgan Stanley set a $53.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price objective on shares of Thomson Reuters in a report on Wednesday, September 5th. Bank of America reaffirmed a “neutral” rating and set a $48.00 price objective on shares of Thomson Reuters in a report on Wednesday, October 10th. Finally, National Bank Financial reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.55.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. As a group, analysts forecast that Thomson Reuters Corp will post 0.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be paid a dividend of $0.35 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio is presently 55.80%.
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Thomson Reuters Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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