IBIS Capital Partners LLP purchased a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 184,596 shares of the business services provider’s stock, valued at approximately $8,469,000. Thomson Reuters accounts for 8.1% of IBIS Capital Partners LLP’s holdings, making the stock its 6th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in TRI. Airain ltd grew its position in shares of Thomson Reuters by 238.3% in the second quarter. Airain ltd now owns 74,466 shares of the business services provider’s stock valued at $3,447,000 after purchasing an additional 52,455 shares during the period. Community Financial Services Group LLC grew its position in shares of Thomson Reuters by 8.3% in the third quarter. Community Financial Services Group LLC now owns 46,802 shares of the business services provider’s stock valued at $2,148,000 after purchasing an additional 3,577 shares during the period. CIBC World Markets Inc. grew its position in shares of Thomson Reuters by 112.8% in the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after purchasing an additional 2,155,229 shares during the period. Bank of Nova Scotia grew its position in shares of Thomson Reuters by 5.9% in the second quarter. Bank of Nova Scotia now owns 754,949 shares of the business services provider’s stock valued at $34,965,000 after purchasing an additional 42,095 shares during the period. Finally, Aperio Group LLC grew its position in shares of Thomson Reuters by 4.5% in the third quarter. Aperio Group LLC now owns 137,514 shares of the business services provider’s stock valued at $6,309,000 after purchasing an additional 5,910 shares during the period. Institutional investors own 24.56% of the company’s stock.

Thomson Reuters Corp (NYSE TRI) traded down $0.06 during trading hours on Wednesday, hitting $44.22. 1,076,600 shares of the stock traded hands, compared to its average volume of 1,132,754. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $31,507.86, a P/E ratio of 17.64, a P/E/G ratio of 2.16 and a beta of 0.71. Thomson Reuters Corp has a 12-month low of $42.22 and a 12-month high of $48.61.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. analysts expect that Thomson Reuters Corp will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio is currently 33.09%.

TRI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, November 1st. Macquarie upgraded shares of Thomson Reuters to a “buy” rating and lifted their target price for the company from $51.00 to $58.00 in a research report on Tuesday, October 3rd. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley lifted their target price on shares of Thomson Reuters from $51.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $51.23.

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Thomson Reuters Company Profile

Thomson Reuters Corp (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 (NYSE:TRI)

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