Steward Partners Investment Advisory LLC acquired a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,982 shares of the business services provider’s stock, valued at approximately $191,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRI. Toronto Dominion Bank lifted its stake in shares of Thomson Reuters by 8.4% during the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after buying an additional 103,158 shares during the period. Hilton Capital Management LLC raised its holdings in shares of Thomson Reuters by 67.7% during the first quarter. Hilton Capital Management LLC now owns 327,828 shares of the business services provider’s stock worth $19,407,000 after purchasing an additional 132,315 shares during the last quarter. Beutel Goodman & Co Ltd. raised its holdings in shares of Thomson Reuters by 0.8% during the first quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock worth $105,675,000 after purchasing an additional 13,570 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Thomson Reuters by 110.3% during the second 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 last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Thomson Reuters by 43.0% during the first 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 last quarter. Hedge funds and other institutional investors own 20.39% of the company’s stock.

Several research analysts recently issued reports on TRI shares. BMO Capital Markets reissued a “hold” rating and set a $95.00 target price on shares of Thomson Reuters in a report on Friday, August 2nd. Bank of America raised their target price on shares of Thomson Reuters from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Macquarie cut shares of Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 price objective for the company. in a report on Tuesday, June 25th. Morgan Stanley lifted their price objective on shares of Thomson Reuters from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, ValuEngine cut shares of Thomson Reuters from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $68.32.

TRI stock opened at $67.25 on Wednesday. The stock has a market capitalization of $33.95 billion, a PE ratio of 89.67, a P/E/G ratio of 3.09 and a beta of 0.54. The stock’s 50-day moving average is $66.94. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Thomson Reuters Corp has a 52 week low of $46.02 and a 52 week high of $70.93.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Thomson Reuters had a net margin of 69.36% and a return on equity of 5.16%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, equities research analysts expect that Thomson Reuters Corp will post 1.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.64%. Thomson Reuters’s dividend payout ratio is currently 192.00%.

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

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