Thomson Reuters Corp (TRI) Position Boosted by AHL Partners LLP
AHL Partners LLP lifted its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 61.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,255 shares of the business services provider’s stock after acquiring an additional 71,153 shares during the quarter. AHL Partners LLP’s holdings in Thomson Reuters Corp were worth $8,621,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Huntington National Bank purchased a new position in Thomson Reuters Corp during the 2nd quarter valued at $106,000. Omnia Family Wealth LLC raised its stake in Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after buying an additional 10 shares in the last quarter. Beach Investment Management LLC. bought a new position in Thomson Reuters Corp in the second quarter worth about $203,000. Laurel Wealth Advisors Inc. bought a new position in Thomson Reuters Corp in the first quarter worth about $216,000. Finally, SG Americas Securities LLC raised its stake in Thomson Reuters Corp by 44.0% in the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after buying an additional 1,497 shares in the last quarter. Institutional investors own 26.15% of the company’s stock.
Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada boosted their target price on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Deutsche Bank AG increased their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub cut shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity set a $47.00 price objective on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.00.
Shares of Thomson Reuters Corp (NYSE TRI) traded down 0.07% during mid-day trading on Tuesday, reaching $45.90. 86,115 shares of the company traded hands. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 11.27 and a beta of 0.75. The firm has a 50-day moving average price of $45.72 and a 200 day moving average price of $44.95. Thomson Reuters Corp has a 52 week low of $39.23 and a 52 week high of $48.57.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. On average, analysts anticipate that Thomson Reuters Corp will post $2.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a $0.345 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.38 annualized dividend and a dividend yield of 3.00%. Thomson Reuters Corp’s dividend payout ratio is presently 33.91%.
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About Thomson Reuters Corp
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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