Beacon Investment Advisory Services Inc. bought a new position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,879 shares of the business services provider’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC World Markets Inc. increased its stake in Thomson Reuters by 112.8% in the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after buying an additional 2,155,229 shares during the last quarter. FMR LLC increased its stake in Thomson Reuters by 73.8% in the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after buying an additional 1,409,777 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Thomson Reuters by 70.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock valued at $130,862,000 after buying an additional 1,164,780 shares during the last quarter. Mackenzie Financial Corp increased its stake in Thomson Reuters by 223.5% in the 3rd quarter. Mackenzie Financial Corp now owns 1,123,906 shares of the business services provider’s stock valued at $51,565,000 after buying an additional 776,445 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Thomson Reuters by 148.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,232,613 shares of the business services provider’s stock valued at $56,556,000 after buying an additional 737,370 shares during the last quarter. Institutional investors own 24.56% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Saturday, September 23rd. Berenberg Bank set a $37.00 price objective on shares of Thomson Reuters and gave the company a “sell” rating in a research note on Thursday, October 5th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 price target on shares of Thomson Reuters in a research note on Tuesday, September 19th. Morgan Stanley decreased their price target on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Thomson Reuters from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Thomson Reuters currently has an average rating of “Hold” and an average price target of $51.23.

Shares of Thomson Reuters Corp (NYSE:TRI) traded down $0.07 during mid-day trading on Wednesday, hitting $44.28. 510,000 shares of the stock traded hands, compared to its average volume of 1,121,082. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63. Thomson Reuters Corp has a 12 month low of $42.22 and a 12 month high of $48.61. The stock has a market cap of $31,557.67, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.17 and a beta of 0.71.

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

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

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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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