Thomson Reuters Corp (TRI) Holdings Cut by AMP Capital Investors Ltd
AMP Capital Investors Ltd reduced its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,781 shares of the business services provider’s stock after selling 4,740 shares during the quarter. AMP Capital Investors Ltd’s holdings in Thomson Reuters were worth $3,459,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in Thomson Reuters by 6,100.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 2,440 shares during the period. Daiwa SB Investments Ltd. acquired a new position in shares of Thomson Reuters in the second quarter worth $141,000. CenterStar Asset Management LLC increased its stake in shares of Thomson Reuters by 955.5% in the second quarter. CenterStar Asset Management LLC now owns 4,929 shares of the business services provider’s stock worth $198,000 after acquiring an additional 4,462 shares during the last quarter. Shine Investment Advisory Services Inc. increased its stake in shares of Thomson Reuters by 138.1% in the second quarter. Shine Investment Advisory Services Inc. now owns 5,070 shares of the business services provider’s stock worth $204,000 after acquiring an additional 2,941 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Thomson Reuters in the first quarter worth $204,000. 22.61% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on TRI. Morgan Stanley raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a research note on Thursday, September 13th. ValuEngine raised shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price target on shares of Thomson Reuters in a research note on Wednesday, September 5th. Finally, Zacks Investment Research raised shares of Thomson Reuters from a “strong sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Sunday, July 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $46.00.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a net margin of 14.15% and a return on equity of 9.17%. Thomson Reuters’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. equities analysts anticipate that Thomson Reuters Corp will post 0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 16th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Wednesday, August 15th. Thomson Reuters’s dividend payout ratio is presently 54.98%.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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