Weiss Asset Management LP cut its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 16.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,531 shares of the business services provider’s stock after selling 718 shares during the period. Weiss Asset Management LP’s holdings in Thomson Reuters were worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Thomson Reuters in the second quarter valued at approximately $37,000. Zions Bancorporation N.A. acquired a new position in Thomson Reuters during the second quarter worth $52,000. Meadow Creek Investment Management LLC increased its holdings in Thomson Reuters by 17.5% during the second quarter. Meadow Creek Investment Management LLC now owns 1,504 shares of the business services provider’s stock worth $93,000 after buying an additional 224 shares during the last quarter. Neuburgh Advisers LLC increased its holdings in Thomson Reuters by 17.5% during the second quarter. Neuburgh Advisers LLC now owns 2,068 shares of the business services provider’s stock worth $128,000 after buying an additional 308 shares during the last quarter. Finally, BNP Paribas Arbitrage SA acquired a new position in Thomson Reuters during the second quarter worth $167,000. Institutional investors own 20.00% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $95.00 target price on shares of Thomson Reuters in a report on Friday, August 2nd. TD Securities downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating and boosted their target price for the stock from $92.00 to $94.00 in a report on Wednesday, August 21st. Credit Suisse Group upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $80.00 in a report on Monday, July 29th. 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 report on Wednesday, August 7th. Finally, Canaccord Genuity downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.59.

TRI traded down $0.86 during trading on Monday, reaching $66.07. 198,889 shares of the stock were exchanged, compared to its average volume of 495,747. The stock has a market cap of $33.32 billion, a P/E ratio of 88.09, a price-to-earnings-growth ratio of 3.07 and a beta of 0.54. Thomson Reuters Corp has a twelve month low of $46.45 and a twelve month high of $71.28. The stock’s 50 day moving average price is $67.83 and its two-hundred day moving average price is $63.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.93 and a current ratio of 1.93.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.10 annualized dividend and a dividend yield of 1.66%. 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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