TD Securities reaffirmed their hold rating on shares of Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) in a research report sent to investors on Saturday morning. The firm currently has a $57.00 target price on the stock, up from their previous target price of $56.00.

A number of other research analysts also recently commented on TRI. Zacks Investment Research raised shares of Thomson Reuters Corp. from a sell rating to a hold rating in a report on Thursday, November 3rd. Canaccord Genuity reaffirmed a buy rating and issued a $47.00 price target on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Barclays PLC increased their price target on shares of Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an equal weight rating in a report on Tuesday, August 23rd. CIBC reaffirmed an outperform rating and issued a $45.00 price target (up previously from $44.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Finally, Scotiabank reaffirmed a sector perform rating and issued a $43.00 price target (up previously from $42.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Thomson Reuters Corp. presently has an average rating of Hold and an average target price of $47.50.

Analyst Recommendations for Thomson Reuters Corp. (NYSE:TRI)

Thomson Reuters Corp. (NYSE:TRI) opened at 42.98 on Friday. Thomson Reuters Corp. has a 12-month low of $33.96 and a 12-month high of $43.68. The stock has a market cap of $31.58 billion, a P/E ratio of 25.43 and a beta of 0.82. The firm’s 50 day moving average price is $40.79 and its 200-day moving average price is $41.36.

Thomson Reuters Corp. (NYSE:TRI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. Thomson Reuters Corp. had a net margin of 11.25% and a return on equity of 13.16%. The firm earned $2.74 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that Thomson Reuters Corp. will post $2.06 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, November 15th. Thomson Reuters Corp.’s dividend payout ratio is presently 80.95%.

Hedge funds have recently bought and sold shares of the stock. Parnassus Investments CA increased its stake in Thomson Reuters Corp. by 14.9% in the third quarter. Parnassus Investments CA now owns 10,279,057 shares of the company’s stock valued at $425,347,000 after buying an additional 1,332,842 shares in the last quarter. Vanguard Group Inc. increased its stake in Thomson Reuters Corp. by 9.9% in the second quarter. Vanguard Group Inc. now owns 6,720,025 shares of the company’s stock valued at $271,624,000 after buying an additional 607,976 shares in the last quarter. CIBC World Markets Inc. increased its stake in Thomson Reuters Corp. by 4.8% in the third quarter. CIBC World Markets Inc. now owns 5,391,650 shares of the company’s stock valued at $223,106,000 after buying an additional 246,223 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Thomson Reuters Corp. by 20.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,639,350 shares of the company’s stock valued at $108,948,000 after buying an additional 448,245 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Thomson Reuters Corp. by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,221,225 shares of the company’s stock valued at $91,914,000 after buying an additional 26,690 shares during the last quarter. 28.98% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters Corp.

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