TD Asset Management Inc. Boosts Holdings in Thomson Reuters Corp (NYSE:TRI)
TD Asset Management Inc. raised its holdings in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,160,398 shares of the business services provider’s stock after acquiring an additional 16,687 shares during the quarter. TD Asset Management Inc. owned approximately 0.83% of Thomson Reuters worth $268,964,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in shares of Thomson Reuters by 8.4% in the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after acquiring an additional 103,158 shares during the last quarter. Hilton Capital Management LLC raised its position in shares of Thomson Reuters by 67.7% during the 1st quarter. Hilton Capital Management LLC now owns 327,828 shares of the business services provider’s stock valued at $19,407,000 after buying an additional 132,315 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Thomson Reuters by 0.8% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock valued at $105,675,000 after buying an additional 13,570 shares in the last quarter. AdvisorNet Financial Inc raised its position in Thomson Reuters by 110.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,010 shares of the business services provider’s stock worth $194,000 after purchasing an additional 1,579 shares during the period. Finally, Advisor Group Inc. raised its position in Thomson Reuters by 43.0% in the 1st quarter. Advisor Group Inc. now owns 17,349 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 5,213 shares during the period. 20.39% of the stock is currently owned by institutional investors.
NYSE:TRI traded up $0.33 during mid-day trading on Tuesday, reaching $67.17. 28,984 shares of the company’s stock traded hands, compared to its average volume of 667,807. Thomson Reuters Corp has a 12-month low of $46.02 and a 12-month high of $70.93. The firm has a market cap of $33.95 billion, a price-to-earnings ratio of 89.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.93. The firm’s 50 day moving average is $66.91.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a $0.275 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.10 annualized dividend and a dividend yield of 1.64%. Thomson Reuters’s dividend payout ratio (DPR) is 192.00%.
TRI has been the topic of a number of research reports. National Bank Financial lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 29th. Canaccord Genuity lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Wednesday, August 7th. Credit Suisse Group upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $80.00 in a research report on Monday, July 29th. Finally, Morgan Stanley boosted their price target on shares of Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.32.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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