Cambridge Investment Research Advisors Inc. raised its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,773 shares of the business services provider’s stock after buying an additional 1,671 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Thomson Reuters were worth $875,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TRI. Toronto Dominion Bank boosted its holdings in shares of Thomson Reuters by 8.4% during the 1st quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock valued at $78,691,000 after acquiring an additional 103,158 shares during the last quarter. Lunia Capital LP bought a new stake in Thomson Reuters during the 4th quarter worth approximately $15,308,000. Oppenheimer Asset Management Inc. bought a new stake in Thomson Reuters during the 4th quarter worth approximately $118,000. Toroso Investments LLC bought a new stake in Thomson Reuters during the 4th quarter worth approximately $1,745,000. Finally, Beutel Goodman & Co Ltd. raised its stake in Thomson Reuters by 0.8% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock worth $105,675,000 after acquiring an additional 13,570 shares during the period. 20.43% of the stock is owned by institutional investors and hedge funds.
TRI traded up $0.27 on Monday, reaching $64.73. The company’s stock had a trading volume of 258,800 shares, compared to its average volume of 494,613. The firm has a market cap of $32.29 billion, a PE ratio of 86.31, a price-to-earnings-growth ratio of 7.13 and a beta of 0.53. Thomson Reuters Corp has a 1 year low of $44.07 and a 1 year high of $67.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a 50 day moving average of $65.01.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Thursday, May 23rd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, May 22nd. Thomson Reuters’s dividend payout ratio is currently 192.00%.
TRI has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Thomson Reuters from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. National Bank Financial lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 25th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Macquarie lowered shares of Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 target price for the company. in a research note on Tuesday, June 25th. Finally, Zacks Investment Research raised shares of Thomson Reuters from a “sell” rating to a “hold” rating and set a $71.00 target price for the company in a research note on Saturday, May 11th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Thomson Reuters currently has an average rating of “Hold” and a consensus price target of $60.45.
About Thomson Reuters
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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