2 weeks Ago By ABMN Staff
Mackenzie Financial Corp trimmed its position in Thomson Reuters Co. ( NYSE:TRI – Free Report ) (TSE:TRI) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 3,561,070 shares of the business services provider’s stock after selling 472,359 shares during the period. Thomson Reuters accounts for approximately 0.9% of Mackenzie Financial Corp’s investment portfolio, making the stock its 25th biggest holding.
Mackenzie Financial Corp owned about 0.79% of Thomson Reuters worth $600,350,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRI.
FIL Ltd boosted its holdings in shares of Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock valued at $730,195,000 after acquiring an additional 445,444 shares during the last quarter.
Goldman Sachs Group Inc. boosted its holdings in Thomson Reuters by 53.7% in the fourth quarter.
Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider’s stock valued at $141,752,000 after purchasing an additional 338,896 shares during the last quarter. TD Asset Management Inc boosted its holdings in Thomson Reuters by 7.
9% in the first quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider’s stock valued at $630,534,000 after purchasing an additional 295,301 shares during the last quarter. Cibc World Market Inc.
grew its position in Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc.
now owns 1,325,695 shares of the business services provider’s stock worth $223,525,000 after purchasing an additional 276,206 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Thomson Reuters during the 2nd quarter valued at about $45,514,000. Hedge funds and other institutional investors own 17.
31% of the company’s stock. Wall Street Analysts Forecast Growth TRI has been the topic of several analyst reports. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th.
Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $164.00 to $182.00 in a research report on Tuesday, August 27th.
JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $163.00 to $164.
00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada decreased their target price on Thomson Reuters from $170.00 to $168.
00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $173.
45. Thomson Reuters Price Performance Thomson Reuters stock opened at $171.25 on Friday.
The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.
88. The stock has a market capitalization of $77.01 billion, a PE ratio of 32.
62, a price-to-earnings-growth ratio of 5.79 and a beta of 0.73.
The business has a 50 day simple moving average of $165.93 and a 200-day simple moving average of $163.91.
Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.
03. Thomson Reuters ( NYSE:TRI – Get Free Report ) (TSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.
85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03.
Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%.
The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion.
During the same quarter last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 5.
6% compared to the same quarter last year. Equities analysts predict that Thomson Reuters Co. will post 3.
71 earnings per share for the current year. Thomson Reuters Cuts Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.
146 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.
58 annualized dividend and a yield of 0.34%. Thomson Reuters’s payout ratio is currently 41.
14%. About Thomson Reuters ( Free Report ) Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments. Read More Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co.
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