CIBC World Markets Inc. grew its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 112.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,066,504 shares of the business services provider’s stock after purchasing an additional 2,155,229 shares during the quarter. Thomson Reuters Corp makes up about 0.8% of CIBC World Markets Inc.’s investment portfolio, making the stock its 26th largest holding. CIBC World Markets Inc. owned approximately 0.56% of Thomson Reuters Corp worth $188,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of Thomson Reuters Corp by 0.4% in the first quarter. Wellington Management Group LLP now owns 11,896,855 shares of the business services provider’s stock worth $514,297,000 after purchasing an additional 52,932 shares during the period. Vanguard Group Inc. boosted its position in shares of Thomson Reuters Corp by 2.7% in the first quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock worth $316,324,000 after purchasing an additional 193,354 shares during the period. TD Asset Management Inc. boosted its position in shares of Thomson Reuters Corp by 3.6% in the second quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock worth $330,813,000 after purchasing an additional 247,665 shares during the period. BlackRock Inc. boosted its position in shares of Thomson Reuters Corp by 11,279.4% in the first quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock worth $166,597,000 after purchasing an additional 3,819,883 shares during the period. Finally, State Street Corp boosted its position in shares of Thomson Reuters Corp by 3.3% in the first quarter. State Street Corp now owns 2,896,768 shares of the business services provider’s stock worth $125,228,000 after purchasing an additional 93,056 shares during the period. Institutional investors and hedge funds own 26.16% of the company’s stock.

Thomson Reuters Corp (TRI) traded up 0.29% during trading on Thursday, hitting $45.69. 176,986 shares of the stock traded hands. The stock has a 50 day moving average price of $46.16 and a 200-day moving average price of $44.61. Thomson Reuters Corp has a 52-week low of $39.23 and a 52-week high of $48.57. The stock has a market cap of $32.65 billion, a P/E ratio of 11.22 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, analysts anticipate that Thomson Reuters Corp will post $2.44 EPS for the current fiscal year.

Thomson Reuters Corp declared that its board has authorized a stock buyback program on Wednesday, May 24th that allows the company to buyback 36,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Tuesday, August 15th. Thomson Reuters Corp’s payout ratio is currently 33.91%.

A number of equities analysts have weighed in on the stock. TD Securities upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price target on shares of Thomson Reuters Corp in a research report on Thursday, August 3rd. Scotiabank upped their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.36.

WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/07/thomson-reuters-corp-tri-holdings-boosted-by-cibc-world-markets-inc.html.

Thomson Reuters Corp Profile

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Institutional Ownership by Quarter for Thomson Reuters Corp (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.