Advisor Consultant Network Inc. purchased a new stake in Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 161,425 shares of the company’s stock, valued at approximately $6,680,000.

Several other hedge funds also recently bought and sold shares of the company. Quotient Investors LLC boosted its stake in Thomson Reuters Corp. by 1.0% in the second quarter. Quotient Investors LLC now owns 10,540 shares of the company’s stock worth $426,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. boosted its stake in Thomson Reuters Corp. by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 13,711 shares of the company’s stock worth $554,000 after buying an additional 215 shares during the period. Checchi Capital Advisers LLC boosted its stake in Thomson Reuters Corp. by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 8,994 shares of the company’s stock worth $364,000 after buying an additional 272 shares during the period. Wunderlich Capital Managemnt boosted its stake in Thomson Reuters Corp. by 1.0% in the second quarter. Wunderlich Capital Managemnt now owns 33,591 shares of the company’s stock worth $1,358,000 after buying an additional 329 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in Thomson Reuters Corp. by 3.5% in the second quarter. Raymond James Trust N.A. now owns 11,302 shares of the company’s stock worth $456,000 after buying an additional 382 shares during the period. Institutional investors and hedge funds own 28.61% of the company’s stock.

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

Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.02% during midday trading on Wednesday, reaching $43.35. 346,538 shares of the company’s stock traded hands. The stock has a 50 day moving average of $40.87 and a 200-day moving average of $41.38. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 25.65 and a beta of 0.82. Thomson Reuters Corp. has a 52-week low of $33.96 and a 52-week high of $43.68.

Thomson Reuters Corp. (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. The company earned $2.74 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Thomson Reuters Corp. had a net margin of 11.25% and a return on equity of 13.16%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, equities research analysts expect that Thomson Reuters Corp. will post $2.06 EPS for the current year.

The firm 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. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.14%. Thomson Reuters Corp.’s dividend payout ratio is currently 80.95%.

COPYRIGHT VIOLATION WARNING: “Advisor Consultant Network Inc. Purchases Shares of 161,425 Thomson Reuters Corp. (TRI)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/30/advisor-consultant-network-inc-purchases-shares-of-161425-thomson-reuters-corp-tri.html.

TRI has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Thomson Reuters Corp. in a research note on Thursday, November 3rd. Zacks Investment Research cut shares of Thomson Reuters Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TD Securities reiterated a “hold” rating and issued a $56.00 target price on shares of Thomson Reuters Corp. in a research note on Wednesday, August 10th. Macquarie initiated coverage on shares of Thomson Reuters Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $56.00 target price on shares of Thomson Reuters Corp. in a research note on Thursday, November 3rd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuters Corp. has a consensus rating of “Hold” and an average target price of $47.50.

Thomson Reuters Corp. Company Profile

5 Day Chart for NYSE:TRI

Receive News & Stock Ratings for Thomson Reuters Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp. and related stocks with our FREE daily email newsletter.