Thomson Reuters Corp (NYSE:TRI) Shares Sold by FIL Ltd

FIL Ltd reduced its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 16.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,968,311 shares of the business services provider’s stock after selling 1,540,795 shares during the quarter. Thomson Reuters accounts for 0.7% of FIL Ltd’s portfolio, making the stock its 27th largest position. FIL Ltd owned approximately 1.59% of Thomson Reuters worth $471,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Advisor Partners LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $211,000. Oppenheimer Asset Management Inc. purchased a new position in Thomson Reuters during the 4th quarter worth approximately $118,000. Cambridge Investment Research Advisors Inc. grew its stake in Thomson Reuters by 6.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,102 shares of the business services provider’s stock worth $633,000 after buying an additional 792 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Thomson Reuters during the 4th quarter worth approximately $994,000. Finally, Enlightenment Research LLC purchased a new position in Thomson Reuters during the 4th quarter worth approximately $92,000. 20.43% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on TRI shares. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 22nd. ValuEngine upgraded Thomson Reuters from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Morgan Stanley raised their price target on Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Zacks Investment Research downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Macquarie downgraded Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 price target on the stock. in a research note on Tuesday. Ten analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $60.45.

Shares of TRI stock traded up $0.23 during midday trading on Friday, hitting $64.46. The company had a trading volume of 448,900 shares, compared to its average volume of 496,515. The stock has a 50 day simple moving average of $64.97. Thomson Reuters Corp has a 52-week low of $44.07 and a 52-week high of $67.24. The firm has a market capitalization of $31.94 billion, a PE ratio of 85.95, a price-to-earnings-growth ratio of 7.05 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Wednesday, May 8th. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Thomson Reuters had a return on equity of 4.25% and a net margin of 78.52%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Analysts forecast that Thomson Reuters Corp will post 1.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Thursday, May 23rd were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, May 22nd. Thomson Reuters’s dividend payout ratio is currently 192.00%.

Thomson Reuters Company 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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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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