Thomson Reuters Corp (TRI) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC lifted its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 44.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,900 shares of the business services provider’s stock after acquiring an additional 1,497 shares during the period. SG Americas Securities LLC’s holdings in Thomson Reuters Corp were worth $227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. LMR Partners LLP acquired a new stake in shares of Thomson Reuters Corp during the 2nd quarter worth about $15,185,000. DekaBank Deutsche Girozentrale raised its position in shares of Thomson Reuters Corp by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 72,190 shares of the business services provider’s stock worth $3,357,000 after acquiring an additional 660 shares in the last quarter. First Trust Advisors LP raised its position in shares of Thomson Reuters Corp by 1.8% during the 2nd quarter. First Trust Advisors LP now owns 554,423 shares of the business services provider’s stock worth $25,664,000 after acquiring an additional 9,589 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Thomson Reuters Corp by 1,106.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 413,831 shares of the business services provider’s stock worth $19,132,000 after acquiring an additional 379,531 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Thomson Reuters Corp during the 2nd quarter worth about $725,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.
Thomson Reuters Corp (TRI) opened at 45.42 on Tuesday. Thomson Reuters Corp has a 52-week low of $39.23 and a 52-week high of $48.57. The firm’s 50-day moving average price is $46.08 and its 200 day moving average price is $44.76. The firm has a market cap of $32.46 billion, a price-to-earnings ratio of 11.15 and a beta of 0.75.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the business posted $0.50 EPS. Thomson Reuters Corp’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters Corp will post $2.44 EPS for the current year.
Thomson Reuters Corp declared that its board has approved a share repurchase program on Wednesday, May 24th that permits the company to buyback 36,000,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Tuesday, August 15th. Thomson Reuters Corp’s dividend payout ratio is presently 33.91%.
Several equities research analysts have recently weighed in on TRI shares. Deutsche Bank AG raised their target price on Thomson Reuters Corp from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, September 5th. TD Securities raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 target price (up previously from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Thomson Reuters Corp has an average rating of “Hold” and a consensus target price of $50.36.
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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.
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