Waratah Capital Advisors Ltd. Lowers Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Waratah Capital Advisors Ltd. trimmed its position in Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 17.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,322 shares of the business services provider’s stock after selling 15,770 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Thomson Reuters were worth $7,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Forsta AP Fonden raised its stake in Thomson Reuters by 51.1% in the first quarter. Forsta AP Fonden now owns 104,100 shares of the business services provider’s stock valued at $11,312,000 after purchasing an additional 35,200 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Thomson Reuters by 482.9% in the first quarter. Los Angeles Capital Management LLC now owns 56,538 shares of the business services provider’s stock valued at $6,144,000 after purchasing an additional 46,838 shares in the last quarter. National Bank of Canada FI raised its stake in Thomson Reuters by 22.7% in the first quarter. National Bank of Canada FI now owns 576,662 shares of the business services provider’s stock valued at $62,299,000 after purchasing an additional 106,602 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in Thomson Reuters in the first quarter valued at approximately $2,818,000. Finally, Shell Asset Management Co. raised its stake in Thomson Reuters by 0.7% in the first quarter. Shell Asset Management Co. now owns 61,486 shares of the business services provider’s stock valued at $6,682,000 after purchasing an additional 400 shares in the last quarter. 21.17% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Down 1.3 %

Thomson Reuters stock traded down $1.50 on Friday, hitting $114.05. 566,166 shares of the stock traded hands, compared to its average volume of 530,531. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.26. The firm has a market cap of $55.32 billion, a P/E ratio of 117.58, a price-to-earnings-growth ratio of 3.47 and a beta of 0.54. The business’s fifty day simple moving average is $104.08 and its 200 day simple moving average is $103.38. Thomson Reuters Co. has a 1 year low of $91.55 and a 1 year high of $123.60.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last announced its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. Thomson Reuters had a return on equity of 7.37% and a net margin of 7.31%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 2.45 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, August 17th. Thomson Reuters’s dividend payout ratio is currently 183.51%.

Analyst Ratings Changes

TRI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday. CIBC upgraded shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, June 14th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Barclays reduced their price target on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Thomson Reuters Company Profile

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Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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