TIAA CREF Investment Management LLC cut its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 94.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,278 shares of the business services provider’s stock after selling 868,047 shares during the period. TIAA CREF Investment Management LLC’s holdings in Thomson Reuters Corp were worth $2,281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank acquired a new position in Thomson Reuters Corp during the 2nd quarter valued at about $106,000. Omnia Family Wealth LLC boosted its stake in Thomson Reuters Corp by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 10 shares during the period. Beach Investment Management LLC. acquired a new position in Thomson Reuters Corp during the 2nd quarter valued at about $203,000. SG Americas Securities LLC boosted its stake in Thomson Reuters Corp by 44.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 1,497 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in Thomson Reuters Corp during the 2nd quarter valued at about $234,000. 26.07% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on TRI shares. Zacks Investment Research lowered shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Credit Suisse Group started coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They set a “neutral” rating and a $52.00 target price for the company. 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 research note on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Thomson Reuters Corp has a consensus rating of “Hold” and a consensus price target of $51.92.

Shares of Thomson Reuters Corp (NYSE:TRI) opened at 47.02 on Tuesday. Thomson Reuters Corp has a 52 week low of $39.63 and a 52 week high of $48.61. The stock has a 50 day moving average of $46.37 and a 200-day moving average of $45.49. The firm has a market capitalization of $33.61 billion, a price-to-earnings ratio of 11.55 and a beta of 0.75.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue was up .5% on a year-over-year basis. Analysts expect that Thomson Reuters Corp will post $2.45 earnings per share for the current year.

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Thomson Reuters Corp 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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