Intact Investment Management Inc. grew its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 27.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,048 shares of the business services provider’s stock after acquiring an additional 153,800 shares during the quarter. Thomson Reuters Corp makes up approximately 1.8% of Intact Investment Management Inc.’s holdings, making the stock its 17th largest position. Intact Investment Management Inc. owned 0.10% of Thomson Reuters Corp worth $40,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Thomson Reuters Corp by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider’s stock valued at $316,324,000 after acquiring an additional 193,354 shares during the last quarter. TD Asset Management Inc. increased its holdings in shares of Thomson Reuters Corp by 3.6% in the 2nd quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock valued at $330,813,000 after acquiring an additional 247,665 shares during the last quarter. CIBC World Markets Inc. increased its holdings in shares of Thomson Reuters Corp 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 acquiring an additional 2,155,229 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Thomson Reuters Corp by 11,279.4% in the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after acquiring an additional 3,819,883 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Thomson Reuters Corp 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 acquiring an additional 1,409,777 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

A number of equities research analysts have recently weighed in on TRI shares. Zacks Investment Research downgraded Thomson Reuters Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub downgraded Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price target (up from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. TD Securities lowered their price target on Thomson Reuters Corp from $65.00 to $61.00 and set a “hold” rating for the company in a report on Thursday, July 20th. Finally, Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.92.

Shares of Thomson Reuters Corp (NYSE:TRI) traded up 0.28% on Tuesday, reaching $47.15. The company had a trading volume of 155,939 shares. The company’s 50-day moving average is $46.37 and its 200 day moving average is $45.49. Thomson Reuters Corp has a 12 month low of $39.63 and a 12 month high of $48.61. The firm has a market capitalization of $33.70 billion, a PE ratio of 11.58 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the firm posted $0.50 EPS. Thomson Reuters Corp’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Corp will post $2.45 earnings per share for the current year.

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

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