Korea Investment CORP Buys 28,037 Shares of Thomson Reuters Corp (TRI)
Korea Investment CORP increased its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,166 shares of the business services provider’s stock after acquiring an additional 28,037 shares during the quarter. Korea Investment CORP’s holdings in Thomson Reuters Corp were worth $7,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of TRI. BlackRock Inc. grew its position in Thomson Reuters Corp by 11,279.4% during the 1st quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock worth $166,597,000 after acquiring an additional 3,819,883 shares during the last quarter. CIBC World Markets Inc. grew its position in Thomson Reuters Corp by 112.8% during the 2nd quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock worth $188,238,000 after acquiring an additional 2,155,229 shares during the last quarter. FMR LLC grew its position in Thomson Reuters Corp by 73.8% during the 2nd quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock worth $153,736,000 after acquiring an additional 1,409,777 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Thomson Reuters Corp by 70.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock worth $130,862,000 after acquiring an additional 1,164,780 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Thomson Reuters Corp by 503.2% during the 2nd quarter. CIBC Asset Management Inc now owns 833,132 shares of the business services provider’s stock worth $38,529,000 after acquiring an additional 695,007 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.64% and a net margin of 26.81%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.
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 issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.38 annualized dividend and a dividend yield of 2.95%. Thomson Reuters Corp’s payout ratio is 33.91%.
Several equities analysts recently issued reports on TRI shares. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Macquarie upgraded Thomson Reuters Corp to a “buy” rating and raised their price target for the stock from $51.00 to $58.00 in a research report on Tuesday, October 3rd. TD Securities upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $49.00 price target (up from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. Finally, Scotiabank raised their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Thomson Reuters Corp has an average rating of “Hold” and an average price target of $52.00.
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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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